Alexander & Preston, LLC (A&P) is a leading extended protection plan service provider offering risk management solutions to manufacturers, distributors, and dealers of commercial and industrial products.
While extended service contracts in the form of extended warranties are commonplace for retail consumer products, business-to- business extended protection plan management oftentimes is not fully optimized. A&P works to fill this void by partnering with companies and using enhanced analytics to
implement extended protection plans (EPP) and alternate forms of risk management to increase company profits and strengthen customer loyalty.
Extended protection plans provide coverage and reimbursement for failures due to defects in material and workmanship beyond the standard warranty. Alexander & Preston works with manufacturers and distributors, to develop, deploy, and administer EPPs, including risk management with balance sheet reserves, third-party insurance, or captive insurance.
Alexander & Preston is led by a team of internationally recognized thought leaders with decades of experience in the commercial and industrial risk management business.
Jimmy Bynum | Founder & Chief Executive Officer
Jimmy Bynum founded Alexander & Preston in 2014 following a career specializing in extended protection plans and warranty. Prior to forming A&P, Mr. Bynum spent 12 years with Cat Financial Insurance Services, the extended protection plan and captive insurance division of Caterpillar, the global leader of industrial equipment. With Cat Financial, he served as Managing Director for the company’s Asia Pacific region, based in Singapore, where he successfully established Caterpillar’s extended protection programs in China and Southeast Asia.
Mr. Bynum has held domestic and international leadership and advisory roles working with global industrial players throughout the course of his career. His multi-faceted background includes business development, marketing, sales and strategic alignments, as well as creation, management, and support of captive insurance entities.
Mr. Bynum served on the boards of the Global Warranty and Service Contract Association (2011 –2017), the Texas Captive Insurance Association (2015-2016), and The Oasis Center (2016 – 2020). He holds a B.S. Business Administration from the University of Mississippi.