Patriot National Insurance Group Celebrates Its 10th Year Anniversary And Continued Growth
FORT LAUDERDALE, Fla., April 25, 2013 /PRNewswire/ -- Patriot National Insurance Group, Inc., a leading provider of workers' compensation insurance and insurance services, will proudly celebrate its 10th anniversary on April 25, 2013. Patriot, which was founded by Chairman & CEO Steven M. Mariano with a mere 2 employees, has grown into a national carrier with nearly 500 employees and $300 million of in-force reference premium. Mr. Mariano established Patriot National's corporate headquarters in Fort Lauderdale, Florida; from this South Florida home office Patriot National has grown into a company with a national presence and seven regional offices located in the key markets of Orlando, Charlotte, Philadelphia, St. Louis, Sacramento, and Los Angeles.
Patriot National has experienced many successes in their short history, including selling its managed care subsidiary, Patriot Risk Services, Inc., to Boston based MCMC, LLC for $105 million in a debt-free transaction in 2011. Guarantee Insurance Company, Patriot's mono-line workers compensation insurance carrier, gives its clients access to a national platform with a focus saving its clients' money by quickly and efficiently closing claims.
Patriot National is also recognized for another kind of success: since the founding of the company Mr. Mariano has stressed the importance of giving back to the communities in which Patriot National operates. Patriot National has supported numerous charitable organizations; both operating on the national level such as the American Heart Association, Boys and Girls Club of America, and the Stephen Siller Tunnel to Towers Foundation, and on the local level such as Nat King Cole® Generation Hope, Inc., a South Florida non-profit dedicated to providing music education to children in schools with limited budgets and resources. Patriot National's dedication to helping the community has been recognized by the South Florida Business Journal; Patriot National is currently ranked 6th in terms of charitable giving amongst corporations in Florida.
About Patriot's 10 year anniversary, Mr. Mariano said "Ten years is an important milestone for any business to reach. Patriot's products and services are innovative and put us ahead of the competition. Patriot National has been, and will continue to be, dedicated to the serving our customers and the communities in which we operate. I'm confident that Patriot National will have continued success and expand our presence across the country for years to come."
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.
SOURCE Patriot National Insurance Group