ServeCo Steps Up Its Risk Alternative Management Program

Press Release, May 11, 2017

This press release is submitted and shown here in its original form, unedited by Furniture Today.

Woodstock, GA – ServeCo International is continuing its efforts to expand and diversify its portfolio of services available to retail partners. As an encore to its March acquisition of Ultra Shield, ServeCo has signed an exclusive agreement with national risk management specialist GPW & Associates.

ServeCo CEO, Tony Milano explains the initiative: “Retailers providing protection plans can benefit from the use of alternative risk management structures that align, their tax, compliance, and overall financial management strategies. Our clients now have direct access to mature and vetted resource.” He continued, “GPW meets exactly that criteria: A firm that has set up literally thousands of programs. A retailer who wants to understand their risk management options needs a resource that understands protection products specifically, not one who simply knows how to set up a captive.”

GPW’s team includes certified public accountants and licensed actuaries with broad experience in captive and compliance management. It is ServeCo’s intention to make these resources accessible for intimate consultation with retailers to customize a program that will uniquely fit their needs.

Additionally, ServeCo has secured the services of Sherrod Consulting to assist in developing and evaluating new program designs. Scott Sherrod, CEO of Sherrod Consulting and former Director of Product Development at AIG, has extensive experience in creating and improving service product programs across a variety of industries.

“If a retailer is considering bringing their warranty programs in-house, I cannot envision a scenario where they will find a more vertically integrated partner,” shared Mr. Milano. “ServeCo owns its own call centers, transparent software platforms, product manufacturing, technician support networks and now has exclusive access to robust actuarial, accounting, and risk management services.”

ServeCo International, Inc. has a heritage of over 30 years of providing retail partners with a single resource for extended warranty programs, on-site cleaning and repair service, and associated care and protection products worldwide. ServeCo is the parent company of Furniture Protection Connection, Ultra Shield Furniture Care and OnSite Services.

Founded in 1998, GPW specializes in serving the risk management needs of over 2,300 clients. GPW offers a unique combination of captive and reinsurance management, accounting, tax compliance, and actuarial services all under one roof, providing clients with efficient and comprehensive service. GPW's team of experts includes credentialed Casualty and Life Actuaries, Certified Public Accountants, and Associates of Captive Insurance.

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