Nick D’Amico’s career in the Automotive Industry began in 1976 when he became a salesman for a Miami Ford dealership. He quickly showed ability in Finance, accepting a position of Finance Manager at a Nissan dealership, part of a six-dealership chain. He continued to rise through the ranks of the chain, becoming Vice President of Sales & Finance, and in 1989 he transferred to Atlanta, Georgia, to takeover a franchise for that group. During his 14 years with the chain, D’Amico completed a two-year program in Automotive Management offered by GM University at Northwestern University in Chicago and Oglethorpe in Atlanta.
By 1992, Nick was instrumental in helping the dealerships increase profits from the Finance and Insurance protection programs. He became a consultant, offering his services to other dealerships. Nick saw a need for expanded training and revenue development for dealership Finance departments and started Automotive Assurance Group in 1995.
Nick D’Amico specializes in setting up reinsurance companies as separate businesses for auto dealers to own and control their own insurance company on the business they write through their stores. These offshore reinsurance companies provide underwriting profit and investment income opportunities with preferential tax treatment for the dealership owners. Nick believes strongly in giving his dealers the opportunity to own their own reinsurance company and strives to make it easy for them to understand, while always looking out for their best interest.
As an AFIP Certified F&I professional, Nick and the Automotive Assurance Group team represent a number of leading insurance provider programs. Under his leadership Automotive Assurance Group has been responsible for selling over 250,000 policies and grossing over $280 million in revenue. In addition, Nick has helped establish numerous reinsurance companies with preferential tax treatment for dealers resulting in net profits for his clients in excess of $80 million.
