Patriot National Inc., a workers’ compensation outsourcing services firm based in Fort Lauderdale, Florida, announced today that it acquired R.C.A. Insurance Group (RCA), a Clifton, New Jersey-based property and liability program administrator to the hospitality industry.
RCA provides preferred insurance programs designed for restaurants, bars and taverns nationwide. RCA will become part of Trigen Insurance Solutions, Patriot National’s operating subsidiary focused on expansion into broader commercial insurance lines.
Kevin O’Connor, executive vice president of RCA, will report to Joe Babin, executive vice president of Trigen Insurance Solutions. In addition, RCA operates as a third-party administrator for major carriers, further enhancing Patriot’s claims administration platform, Patriot National said.
“The acquisition of RCA strengthens our position in the hospitality space and is consistent with our growth strategy to broaden Patriot National’s fee-based product offerings in niche industry segments where we can offer a differentiated product suite,” said Steven M. Mariano, chief executive officer of Patriot National.
Patriot National offers outsourced agency, technology, underwriting, claims and policyholder services for workers’ compensation to insurance companies, employers, local governments and reinsurance captives.
Topics Mergers & Acquisitions New Jersey
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