Market Overview

Assurant Evolves its Operating Structure to Further Business Collaboration and Accelerate Operations and Technology Transformation

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Assurant,
Inc.
(NYSE:AIZ), a global provider of risk management solutions,
today announced senior management appointments and a new operating
structure within both technology and risk to support the company's
commitment to drive sustainable, profitable growth across the
enterprise. Effective Jan. 1, 2019, these changes are designed to enable
the company to facilitate even greater collaboration across its global
lines of business, while harnessing technology to drive efficiencies and
to deliver an enhanced customer experience.

"As the needs of our customers change, we will continue to evolve how we
operate as a global organization," said Alan Colberg, Assurant president
and chief executive officer. "That means innovating to add value and
continuing to enhance the customer experience, while finding
efficiencies and opportunities to leverage the size and scale of our
global operations."

Strengthening Management Committee to broaden business participation,
visibility across business

In order to accelerate decision-making across all of the company's most
critical businesses and to support its global growth strategy, the
company's Management Committee will be rounded out to add three new
leaders to its most senior leadership body. The new members are: Kathy
McDonald
, president, Global Specialty, Keith
Meier
, president, International, and Tammy
Schultz
, president, Global Preneed.

As President of Global Specialty, Kathy McDonald has spearheaded the
growth of Assurant's multifamily housing business, which now supports
over two million renters in the United States. To meet evolving consumer
needs, McDonald and her team have been on the forefront of developing
offerings to support the rapid growth in the sharing economy with strong
results. As President of International, Keith Meier has led the
company's efforts to deepen its footprint in select international
markets to support profitable growth long-term. Most recently, he
oversaw the company's successful mobile expansion in Japan. Tammy
Schultz leads Assurant's Global Preneed segment, which maintains a
market-leading position in the prefunded funeral insurance business in
the U.S. and Canada.

The company also announced that Christopher
Pagano
, chief risk officer, will retire on April 1, 2019, after 23
years of service with Assurant.

Instrumental in expanding Assurant's risk management capabilities
globally, Pagano joined Assurant (then Fortis) in 1996, and has served
in key leadership roles, including chief investment officer, chief
financial officer and most recently as chief risk officer. R.
David Conner
, a 22-year Assurant veteran, will assume the role of
senior vice president, global head of risk, effective January 1, 2019.
Conner will report to Bob Lonergan, executive vice president and chief
strategy officer, which will better integrate risk into strategic
decision making across the enterprise.

"The new management committee appointments underscore the strong bench
of talent within Assurant, while also recognizing the benefits of
additional perspectives and experience as we look to further capitalize
on growth opportunities," said Colberg.

Colberg added, "Chris has been an invaluable asset to Assurant through
the years, and I have appreciated his partnership and all he has done to
drive value in our organization."

Accelerating Transformation within Global Technology and Operations

Gene
Mergelmeyer
, chief operating officer, will assume leadership of the
company's Global Technology organization, building on his previous
experience leading Assurant's corporate technology team. He will
transition his business segment oversight responsibilities to Keith
Demmings, president of Global Lifestyle; Michael Campbell, president of
Global Housing; and Tammy Schultz, president of Global Preneed, all of
whom will now report to Alan Colberg.

Mergelmeyer will also have oversight for operations transformation and
other large strategic initiatives with a focus on driving greater
efficiencies through standardization and deployment of technology, while
also helping deliver an enhanced customer experience.

Reporting to Gene will be Joe
Surber
, who will assume the role of senior vice president, global
technology officer, effective January 1, 2019. Ajay Waghray, chief
technology officer, who as a result of these changes, will be leaving
the company.

"Ajay championed the integration of our global technology organization
and we thank him for the many ways he has contributed to framing our
roadmap for the future," said Colberg.

"Technology has always been a key competitive strength of Assurant and a
strategic enabler for profitable growth across the organization,"
Colberg continued. "Given the pace of change, we see opportunities to be
more efficient in how we operate and to accelerate innovation and
speed-to-delivery to provide a better customer experience."

Collectively, these changes demonstrate the company's ongoing commitment
to further optimize operations and drive innovation, while continuing to
best deliver for its customers, employees and shareholders.

About Assurant

Assurant, Inc. (NYSE:AIZ) is a global provider of risk management
solutions, protecting where consumers live and the goods they buy. A
Fortune 500 company, Assurant focuses on the housing and lifestyle
markets, and is among the market leaders in mobile device protection and
related services; extended service contracts; vehicle protection
products; pre-funded funeral insurance; renters insurance; and
lender-placed homeowners insurance. Assurant has a market presence in 21
countries, while its Assurant Foundation works to support and improve
communities. Learn more at assurant.com
or on Twitter @AssurantNews.

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