Patriot Risk Management, Inc. Files Amendment to Its Registration Statement for Initial Public Offering

FORT LAUDERDALE, Fla., Nov. 10 /PRNewswire/ -- Patriot Risk Management, Inc. announced today that it has filed an amendment to its registration statement on Form S-1 that is on file with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. Patriot intends to use the net proceeds of the offering principally to support its premium writings.

FBR Capital Markets & Co. will act as book running manager for the offering. The offering will be made by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from FBR Capital Markets & Co., 1001-19th Street North, Arlington, Virginia 22209.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale of securities would be unlawful prior to their registration and qualification under the securities laws of any such state or jurisdiction.

About Patriot Risk Management, Inc.

Patriot Risk Management, Inc. produces, underwrites and administers alternative market and traditional workers' compensation insurance plans and provides claims services for insurance companies, segregated portfolio captives and reinsurers.

    Media Contact:
    Dean Watters
    Patriot Risk Management, Inc.
    954-670-2900
    dwatters@prmigroup.com

SOURCE Patriot Risk Management, Inc.