Patriot National Inc., a workers’ compensation outsourcing services firm based in Fort Lauderdale, Florida, announced that it has acquired Mid Atlantic Insurance Services, a wholesale commercial insurance broker and program administrator in Richmond, Virginia. Terms of the transaction were not disclosed.
Mid Atlantic serves 1,200 independent insurance agencies across 38 states and represents approximately 20 property/casualty carriers.
Mid Atlantic will become part of Patriot Underwriters, a Patriot National subsidiary and a program administrator for workers’ compensation insurance products. Steve Love, president of Mid Atlantic, will report to Paul Halter, executive vice president of Field Operations, Patriot National Inc. and CEO of Patriot Underwriters Inc.
Patriot National will maintain Mid Atlantic’s Richmond office. Mid Atlantic’s 18 employees will join Patriot Underwriters as part of the transaction.
Patriot National is an independent national provider of comprehensive outsourcing services within the worker’s compensation insurance marketplace for insurance companies, employers, local governments and reinsurance captives. Patriot National has approximately 1,200 employees.