FORT LAUDERDALE, Fla., Sept. 6, 2012 /PRNewswire/ -- Patriot National Insurance Group, a leading provider of workers' compensation solutions, announced today their subsidiary Guarantee Insurance Company is licensed to write workers' compensation insurance in Oregon and South Dakota. The addition of the recent states expands Guarantee's presence in the Western States and further supports the company's plan to expand throughout the U.S.
Guarantee Insurance Company is a mono-line workers' compensation carrier licensed in 29 states. Guarantee is headquartered in Fort Lauderdale, FL, and operates seven additional regional offices across the country.
Guarantee has always been focused on building dedicated agency relationships to provide superior workers' compensation solutions to insurance buyers. This is the primary building block of its success and forms the foundation of Guarantee's anticipated growth in both Oregon and South Dakota.
Guarantee's primary competitive advantage is in developing and managing complex alternative market solutions for large customers as well as agency partners. Since its acquisition by Patriot in 2003, Guarantee has developed industry-leading expertise in the utilization of segregated portfolio captives, agency captives, and risk sharing insurance programs for workers' compensation programs. Guarantee Insurance Company believes that developing risk-sharing and profit sharing relationships with agents and their clients is one of the best ways for all parties to benefit mutually from a profitable book of business.
John Rearer, Western Regional Vice President of Patriot National Insurance Group said, "We are excited to keep expanding in the western region and give our current agents and prospective agents multi-state coverage. Patriot is looking to appoint agents in Oregon and South Dakota to provide them another market for their workers' compensation needs." Charles Schuver, President of Guarantee Insurance Company, said, "Guarantee Insurance Company is led by a team with extensive knowledge of the workers' compensation industry. We provide excellent customer service, which is key to our success at both the regional and national levels."About Patriot National Insurance Group
Patriot National Insurance Group is an insurance holding company focused on workers' compensation insurance. Patriot National Insurance Group has two operating subsidiaries- Guarantee Insurance Company and Patriot Underwriters, Inc. For further information, please visit www.pnigroup.com.
About Guarantee Insurance Company
Guarantee Insurance Company provides workers' compensation insurance in 29 states including the District of Columbia. Guarantee offers guaranteed cost and alternative market solutions with a specific expertise in segregated portfolio captives and risk-sharing insurance programs.
SOURCE Patriot National Insurance Group