Patriot National News

Patriot National to Reorganize for Acquiring Lenders; Subsidiaries to File Chapter 11

Patriot National Inc., which provides technology, outsourcing and underwriting services to the insurance industry, has announced a plan of reorganization as part of a restructuring support agreement (RSA) with its lenders, Cerberus Business Finance, LLC and its affiliates, and TCW …

Patriot National Promotes Brewer to SVP in Florida

Patriot National has promoted Nicole Brewer to senior vice president, Marketing and Corporate Operations. She is based in the company’s Fort Lauderdale, Fla., office. In this position, Brewer will continue to provide a variety of management and professional support functions …

Patriot National Exploring ‘Strategic Alternatives’

The board of directors of Patriot National Inc. has formed a new special committee of independent directors to review a “range of strategic alternatives,” the company announced. The company said there is no assurance that this review will result in …

Delaware Court Delays Patriot National Dividend, Stock Repurchase Plans

Shares of Patriot National Inc fell 4.6 percent on Friday after it announced late Thursday that it could not pay a special dividend pending a court hearing that would happen late March at the earliest. Patriot, which had originally planned …

Patriot National Launches Online Risk Management Marketplace

Patriot Risk Consultants (PRC), a subsidiary of Patriot National, Inc. has launched PN BidExpert, an online marketplace to connect underwriters and risk managers with loss control engineers. PN BidExpert works by matching and connecting underwriters and risk managers with a …

Patriot National Acquires Brandywine Insurance Advisors in Pennsylvania

Fort Lauderdale, Florida-based Patriot National Inc. announced that it has acquired Brandywine Insurance Advisors, a specialty insurance brokerage focusing on the construction industry. Patriot National said the total purchase price, assuming all earn-out criteria are met, would be $4.2 million. …

Patriot National, Stonewood Partner on Healthcare Program

Patriot National Insurance Group Inc., a workers’ compensation insurer based in Fort Lauderdale, Florida, has a new partnership with Stonewood National Insurance Co. for a healthcare industry program in the Midwest. Under the partnership arrangement, Patriot will write workers’ compensation …

Patriot National Appoints Rearer as President of Patriot Underwriters

Patriot National Insurance Group has named John Rearer as the new president of the insurer’s subsidiary, Patriot Underwriters Inc.As president of Patriot Underwriters, Rearer will oversee Patriot National’s managing general agency, program administration and business process outsourcing.

Patriot National Names Peters Chief Operating Officer

Workers’ compensation company Patriot National Insurance Group has named Bob Peters as chief operating officer. Peters will oversee the operations of Guarantee Insurance Co., a subsidiary. He reports to Charles Schuver, president of Guarantee, and will be based at Patriot …

Zurich, Patriot National in Deal to Offer Workers’ Comp Captive Program in Florida

A Florida workers’ compensation insurer has reached a deal with a California company to underwrite its workers’ compensation policies through its Florida agency-owned captive program. Zurich Financial Services Group recently announced that through its wholly-owned subsidiary, Zurich American Insurance Co., …