Assurant Enters Strategic Partnership with Plug® to Fuel Growth In Certified Devices and Expand Capabilities in the Secondary Market
As a global leader in device circularity and CPO solutions, Assurant's investment in Plug is designed to accelerate the company's growth and expand access to trusted, affordable, high-quality devices at scale. With its strong D2C platform, bold marketing approach, and fast-growing customer base, Plug is uniquely positioned to lead the next wave of consumer adoption in the secondary device market.
'Our enhanced relationship with Plug reflects Assurant's commitment to expanding the mobile device ecosystem and advancing circularity,' said Jeremy Purvis, Senior Vice President, CPO Solutions at Assurant. 'Plug's bold brand, strong D2C presence, and innovative approach to social commerce make them an ideal partner in helping more consumers access reliable, certified pre-owned devices. Together, we're extending device lifecycles and accelerating the shift toward a more sustainable tech future.'
Plug currently sources devices through a network of suppliers, carriers, and enterprise clients, using proprietary systems to inspect, grade, and fulfill orders efficiently from its U.S.-based facility. The partnership with Assurant adds a new layer of scale and expertise, connecting Plug to Assurant's global network of refurbished device inventory, advanced testing protocols, and logistics infrastructure.
Customer Benefits Include:
Expanded Inventory and Lower Prices: With access to a broader supply of high-quality pre-owned devices, Plug will offer more choice at even more competitive prices.
Enhanced Quality Assurance: Plug's inspection process, covering more than 90 criteria, will be further strengthened by Assurant's global refurbishment and protection standards.
Improved Customer Experience: The partnership supports Plug's existing policies, including a 12-month limited warranty, 30-day satisfaction guarantee, and fast, free U.S. shipping.
Reduced Environmental Impact: By extending the life of more devices, Plug and Assurant are helping reduce electronic waste and advance the circular economy.
Founded in 2020, Plug is a leading direct-to-consumer CPO device commerce platform. Since launch, the brand has quickly emerged as a trusted name in the secondary device market, offering high-quality, affordable tech and industry-leading customer service. Plug distributes products in over 150 countries and offers a range of services across the supply chain, all while maintaining a bold digital brand presence and a deep commitment to sustainability.
'Partnering with Assurant is a major step forward in our mission to bring trusted, affordable tech to more people,' said Alex Alyatim, CEO of Plug. 'This partnership strengthens our ability to scale without compromising what matters most: delivering value, quality and exceptional experiences to our customers. This is just one step in our mission to create a larger, consumer-first ecosystem rooted in CPO education, value, and long-term impact.'
# # #
About Assurant
Assurant, Inc. (NYSE: AIZ) is a premier global protection company that partners with the world's leading brands to safeguard and service connected devices, homes, and automobiles. As a Fortune 500 company operating in 21 countries, Assurant leverages data-driven technology solutions to provide exceptional customer experiences. Learn more at assurant.com.
About Plug ®
Plug ® is a leading direct-to-consumer brand delivering certified pre-owned smartphones, tablets, computers, and accessories to customers around the world. Built on a foundation of trust, transparency, and sustainability, Plug ® leverages advanced technology to ensure secure storage, real-time inventory tracking, and efficient, responsible fulfillment. From online purchase to unboxing, Plug ® is making premium tech easier to access, better for the planet, and entirely focused on delivering an exceptional customer experience.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
7 minutes ago
- CNBC
CNBC Daily Open: Trump's (new) new tariff rates are here (again)
The first time U.S. President Donald Trump unveiled his "reciprocal" tariffs on the rest of the world, the April 2 event had a cinematic, even grand, quality. It took place at the White House Rose Garden. There was a live band playing, according to The Wall Street Journal. Trump hoisted huge physical charts of his tariff rates, which were helpfully color-coded for visual clarity. This time, Trump's updated "reciprocal" tariffs, released the night before they come into effect on Aug. 1, seemed in comparison stripped of pomp and glamor. The White House's executive order popped up around 7 p.m. ET, just as people in the U.S. were getting off work. There was no live event, no big chart and certainly no entertainment — just a stern website with a black-and-white table. That austerity — and, one might even say, stealth — surrounding the recent announcement suggests two things. First, the White House could be aware that the dramatic shock of tariffs has less power to sway trade deals when staged a second time. The "90 deals in 90 days" that trade advisor Peter Navarro had promised in April are, after all, nowhere in sight. Second, the U.S. might actually be fine not making trade deals with some countries, leaving them with higher-than-hoped-for tariffs. In June, the U.S. Treasury Department reported an unexpected surplus thanks to tariff revenue, which were more than four times higher from a year ago. And economists aren't as alarmed by tariff-driven inflation as they once were. All that's speculation, of course. Little else is known about the latest tariffs except the numbers — it's been barely two hours since they were out and there have been no other official communication thus far. The order could have been released in this low-key fashion simply because the Rose Garden is now more like a Concrete Path. Or perhaps Trump doesn't want the penguins on the Heard and McDonald islands to hear about his levies this time. The U.S. rejigs tariff rates ahead of Aug. 1 deadline. Trump's executive order imposed tariffs ranging from 10% to 41% on dozens of countries, and subjected all goods considered to have been transhipped to an additional 40% duty. The S&P 500 falls, retreating from an intraday high. Microsoft shares, however, rose around 4% to push the company's market cap above $4 trillion. The Stoxx Europe 600 fell 0.75% amid a flurry of earnings from companies such as Rolls-Royce and AB InBev. Apple beats expectations for profit and revenue. The Cupertino-based company's iPhone sales grew 13% year over year, while overall revenue rose 10% in its fiscal third quarter, the fastest growth since December 2021. Amazon's gloomy guidance overshadows its earnings. Even though the company surpassed Wall Street's estimates for its second-quarter results, its expected operating income for the current quarter wasn't as high as analysts had hoped for. [PRO] Novo Nordisk's stock plunge isn't that surprising. On Tuesday, the firm's shares fell as much as 26% after it slashed its full-year guidance — and appointed a new CEO. Here's why companies tend to make both announcements simultaneously. Tariff turmoil: How global CEOs are shifting gears In interviews with CNBC this earnings season, CEOs across industries sent a clear message: tariffs are no longer just a political tactic. As trade rules grow more uncertain and tariffs resurface in policy discussions, business leaders say they're rethinking everything from where factories are located to how products are priced. The old "just in time" model is giving way to something more cautious: make goods closer to the buyer, ask for exemptions where possible, and stay alert to shifting consumer habits. —
San Francisco Chronicle
9 minutes ago
- San Francisco Chronicle
Edison International: Q2 Earnings Snapshot
ROSEMEAD, Calif. (AP) — ROSEMEAD, Calif. (AP) — Edison International (EIX) on Thursday reported second-quarter net income of $398 million. The Rosemead, California-based company said it had profit of 89 cents per share. Earnings, adjusted for one-time items, were 97 cents per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. The electric power provider posted revenue of $4.54 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $4.19 billion. _____
Yahoo
35 minutes ago
- Yahoo
Newmont Corporation Announces Sale of Holdings of Orosur Mining Inc.
DENVER, August 01, 2025--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont") announced today the sale of common shares ("Common Shares") of Orosur Mining Inc. (the "Issuer"). On July 31, 2025, Newmont disposed of 29,213,186 Common Shares in a private transaction, at a price of C$0.19 per Common Share, for aggregate gross proceeds of C$5,550,505.34 (the "Disposition"). Immediately prior to the Disposition, Newmont held 29,213,186 Common Shares. As a result of dilution following certain distributions of Common Shares by the Issuer, Newmont's holdings immediately prior to the Disposition represented approximately 9.4% of the issued and outstanding Common Shares on a non-diluted basis. As a result of this Disposition, Newmont no longer holds any Common Shares of the Issuer. The Common Shares disposed of were sold for investment purposes. Newmont may, depending on price, market conditions or other conditions or factors it considers relevant from time to time, increase its beneficial ownership, control or direction over Common Shares or other securities of the Issuer through market transactions, private agreements or otherwise. The address of Newmont is located at 6900 E Layton Avenue, Suite 700, Denver, Colorado 80237. About Newmont Newmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the Company has been publicly traded since 1925. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to Cautionary Statement Regarding Forward-Looking Statements This release contains "forward-looking statements" within the meaning of applicable securities laws that are intended to be covered by the safe harbors created by Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and other securities legislation, including statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "potential" or other variations thereof or comparable terminology. Such forward-looking statements may include, without limitation, statements regarding future investments in Orosur. Forward-looking statements are subject to other factors that could cause actual results to differ materially from expected results. Investors should not place undue reliance on forward-looking statements. A number of factors that could cause actual results to differ materially from any forward-looking statement. For a discussion of such risks relating to Newmont's business and other factors, see its most recent Form 10-K, filed with the Securities and Exchange Commission under the headings "Risk Factors" and "Forward-Looking Statements." Newmont does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk. View source version on Contacts Media Contact – GlobalShannon Brusheglobalcommunications@ Investor Contact – GlobalNeil Investor Contact – Asia PacificNatalie Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
