Patriot National Announces Two Strategic Executive Hires

FORT LAUDERDALE, Fla., June 22, 2015 /PRNewswire/ -- Patriot National, Inc. (NYSE: PN) announced today two strategic hires to support its expanding service platform and customer base.   

Effective June 1, Michael Anselmo joined Patriot Technology Solutions as Chief Customer Officer where he will lead professional and consulting services for Patriot's rapidly growing technology practice.  Anselmo's hire reflects Patriot Technology Solutions' strong commitment to providing customer-focused and customer-driven technology solutions to the property and casualty industry. 

Joseph Babin was appointed Executive Vice President of Trigen Insurance Solutions and will focus on growing the business through sales and partnership development as well as strategic mergers and acquisitions.  Babin will also oversee the enhancement of Trigen's operational and technical efficiencies to support its growth initiatives.

"Our Company is continuing to attract the best and brightest people to help us provide first-rate services and expertise to our growing client base.  We are very pleased to welcome Michael and Joe to our team during this exciting period of rapid growth at Patriot National," said Steven M. Mariano, Chief Executive Officer of Patriot National.

Anselmo has more than 30 years of insurance industry experience developing innovative solutions and technology teams that help businesses drive top-line growth.  Prior to joining Patriot, he was Chief Delivery Officer for Return on Intelligence, an insurance professional services firm. Previously he was Senior Vice President and Chief Information Officer for Narragansett Bay Insurance where he led the technology and data teams. Anselmo served as Chief Technology Officer for Clarendon Insurance Group and Praetorian Financial Group where he launched their insurance specialty business and developed their systems technology strategy. Anselmo has received the CIO 100 Award and Insurance & Technology ELITE 8 for innovative use of technology. 

Babin has more than 25 years of experience developing and executing sales and marketing strategies for expansion-phase companies.  Prior to joining Patriot, he was the Chief Executive Officer for Opis Advisors, a strategic consulting firm focused on emerging technologies in financial transaction processing.  Previously he was Executive Vice President of Electronic Payment Exchange (EPX) where he directed company-wide sales initiatives and sourced international strategic partnerships.  Babin also served as President and COO for ten years at NSM Insurance Group where he led operations and strategic direction for product management, brand development, and distribution channel management.  During his tenure the company expanded from a regional insurance broker to a national MGA with $300 million in revenues.

About Patriot National

Patriot National is a national provider of comprehensive technology and outsourcing solutions within the property and casualty marketplace, primarily in workers' compensation, for insurance companies, employers, local governments and reinsurance captives. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, and claims administration services to its insurance carrier clients and other clients. Patriot National is headquartered in Fort Lauderdale, Florida with nine regional offices around the country.

Forward Looking Statements

This press release may include statements that may be deemed to be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook," "Guidance," and similar expressions are used to identify these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those indicated in these statements, including the potential that revenue, net income or adjusted EBITDA could finally be determined to be below the range discussed in this press release.  For example, we may not be able to place insurance policies for our clients, our expenses may be higher than we expect, we may have difficulty integrating new acquisitions, new acquisitions may not perform as anticipated, as well as those matters contained in our filings with the Securities and Exchange Commission. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance or events and that results may differ materially from statements made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we may make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments.

Media and Investor Contacts:

Julie MacMedan (310) 622-8242
Paige Hart, (310) 622-8244
Financial Profiles, Inc.
[email protected]

SOURCE Patriot National, Inc.

Related Links

http://www.patnat.com