Open Lending Announces Early Extension of AmTrust Producer Agreement
Open Lending (NASDAQ: LPRO) has announced an early extension of its producer agreement with AmTrust North America, its largest and longest-standing partner. The agreement, which was set to expire in 2028, has been extended through 2033.
AmTrust, which provides insurance coverage to Open Lending's credit unions through the company's Lender's Protection™ Program, has been partnering with Open Lending for over 15 years. The extension demonstrates AmTrust's confidence in Open Lending's technology-driven business model and ability to generate profitable business while facilitating car ownership opportunities for Americans.
Open Lending (NASDAQ: LPRO) ha annunciato un'estensione anticipata del suo accordo produttore con AmTrust North America, il suo partner più grande e di più lunga data. L'accordo, che sarebbe scaduto nel 2028, è stato prorogato fino al 2033.
AmTrust, che fornisce copertura assicurativa alle cooperative di credito di Open Lending tramite il programma Lender's Protection™ Program dell'azienda, collabora con Open Lending da oltre 15 anni. Questa estensione dimostra la fiducia di AmTrust nel modello di business basato sulla tecnologia di Open Lending e nella sua capacità di generare business redditizio facilitando al contempo le opportunità di acquisto auto per gli americani.
Open Lending (NASDAQ: LPRO) ha anunciado una extensión anticipada de su acuerdo con AmTrust North America, su socio más grande y de mayor duración. El acuerdo, que iba a expirar en 2028, se ha extendido hasta 2033.
AmTrust, que proporciona cobertura de seguros a las cooperativas de crédito de Open Lending a través del Lender's Protection™ Program de la compañía, ha estado asociándose con Open Lending durante más de 15 años. Esta extensión refleja la confianza de AmTrust en el modelo de negocio impulsado por tecnología de Open Lending y su capacidad para generar negocios rentables mientras facilita las oportunidades de adquisición de vehículos para los estadounidenses.
Open Lending (NASDAQ: LPRO)는 가장 크고 오랜 파트너인 AmTrust North America와의 생산자 계약을 조기 연장했다고 발표했습니다. 원래 2028년에 만료될 예정이던 계약이 2033년까지 연장되었습니다.
AmTrust는 Open Lending의 신용조합에 회사의 Lender's Protection™ Program을 통해 보험을 제공하며, 15년 이상 Open Lending과 협력해 왔습니다. 이번 연장은 기술 중심의 비즈니스 모델과 수익성 있는 사업 창출 능력, 그리고 미국인들의 자동차 소유 기회를 지원하는 Open Lending에 대한 AmTrust의 신뢰를 보여줍니다.
Open Lending (NASDAQ : LPRO) a annoncé une extension anticipée de son accord de partenariat avec AmTrust North America, son partenaire le plus important et le plus ancien. L'accord, initialement prévu jusqu'en 2028, a été prolongé jusqu'en 2033.
AmTrust, qui fournit une couverture d'assurance aux coopératives de crédit d'Open Lending via le Lender's Protection™ Program de la société, collabore avec Open Lending depuis plus de 15 ans. Cette prolongation témoigne de la confiance d'AmTrust dans le modèle commercial axé sur la technologie d'Open Lending et sa capacité à générer des affaires rentables tout en facilitant l'accès à la propriété automobile pour les Américains.
Open Lending (NASDAQ: LPRO) hat eine vorzeitige Verlängerung seiner Produzentenvereinbarung mit AmTrust North America, seinem größten und ältesten Partner, bekannt gegeben. Die Vereinbarung, die ursprünglich 2028 auslaufen sollte, wurde bis 2033 verlängert.
AmTrust, das Open Lending's Kreditgenossenschaften durch das firmeneigene Lender's Protection™ Program Versicherungsschutz bietet, arbeitet seit über 15 Jahren mit Open Lending zusammen. Die Verlängerung zeigt das Vertrauen von AmTrust in das technologiegetriebene Geschäftsmodell von Open Lending und dessen Fähigkeit, profitable Geschäfte zu generieren und gleichzeitig Amerikanern den Autokauf zu erleichtern.
- Early extension of partnership agreement from 2028 to 2033 with largest insurance partner
- 15+ year proven relationship with AmTrust demonstrates business stability
- Secured long-term credit capacity through 2033
- None.
Agreement with Open Lending’s Largest and Longest Standing Partner Extends Through 2033
AUSTIN, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced the early extension of their producer agreement with AmTrust North America, Inc., a subsidiary of AmTrust Financial Services, Inc. (“AmTrust”). Set to expire in 2028, the agreement with Open Lending’s largest and longest standing partner will now run through 2033.
“We are thrilled to extend our agreement with Open Lending, building on a strong partnership of more than 15 years,” said Barry Zyskind, Chairman and CEO of AmTrust. “Open Lending has created an innovative and technology-driven business to bring the dream of car ownership to hundreds of thousands of Americans. We are honored to continue supporting the great work of Jessica and the Open Lending team.”
“This extension was driven by the strength of our partnership and the value they see in Open Lending and our signature Lender’s Protection™ Program,” said Jessica Buss, Chairman and CEO of Open Lending. “AmTrust is our largest and longest partner providing insurance coverage to our credit unions, and this early extension not only secures our credit capacity but demonstrates their faith in our product, team, and ability to generate profitable business. We're deeply grateful for their partnership and look forward to building value together in the years ahead.”
About Open Lending
Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout the United States. For over 20 years, we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit www.openlending.com.
About AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in New York, offers specialty property and casualty insurance products, including workers' compensation, business owner’s policy (BOP), general liability and extended service and warranty coverage. For more information about AmTrust, visit www.amtrustfinancial.com.
Contact information:
Investor Relations Inquiries:
InvestorRelations@openlending.com
Source: Open Lending Corporation
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