Patriot National Insurance Group Announces Guarantee Insurance Company's Expansion Into Michigan
FORT LAUDERDALE, Fla., Dec. 6, 2012 /PRNewswire/ -- Patriot National Insurance Group, a leading provider of workers' compensation solutions, announced today its subsidiary, Guarantee Insurance Company, will begin writing workers' compensation insurance in Michigan. The addition of Michigan increases Guarantee's presence in the Midwestern States and further supports the company's nationwide expansion plan.
Guarantee gains a competitive advantage by developing and managing complex alternative market solutions for large customers and 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 other risk sharing workers' compensation insurance 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 Travis, Midwest Regional Vice President of Patriot National Insurance Group said, "We are excited about expanding into Michigan. We believe there are many outstanding independent agencies in Michigan and we are looking for a few select partners. Patriot provides excellent customer service, which is key to our success."
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 32 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