Assurant acquires Protection Point to expand commercial equipment cover in Canada

Assurant has acquired Protection Point Service Plans Inc., a British Columbia-based provider and administrator of protection programs for commercial equipment, to expand its business in Canada. Protection Point, which specializes in extended service plans for agriculture, construction, material handling, and forestry equipment, already worked exclusively with Assurant. The acquisition allows Assurant direct control over distribution, dealer relationships, and licensed insurance capabilities, enhancing its commercial equipment operations in Canada and complementing its existing US business.