The carve-up of used car warranty specialists Oriel Investment Corporation, which traded as Warranty Holdings, continues with both RAC Warranty and The Regency Group acquiring business.

RAC Warranty director of underwriting Russel Kitchin said it was "pretty much inundated" with enquiries after Warranty Holdings went into administration at the end of March.

He said the company had been "very proactive" in securing the dealer, motorcycle and used car warranty business previously dealt with by Warranty Holdings.

"We found that many dealers and groups contacted us as the trusted alternative. We were fielding in excess of 30 leads per hour in the early days after the initial announcement," Kitchin said.

The Regency Group non-executive director Kerry Michael said it had also picked up business from the collapse.

"We are negotiating with a large number of former Warranty Holdings customers," said Michael. "We are not only looking to assist former Warranty Holdings clients, we are also speaking to a number of the company's employees."