FORT LAUDERDALE, Fla., April 28, 2014 /PRNewswire/ -- Patriot Underwriters, Inc. (PUI), a leading provider of workers' compensation insurance solutions, acquires the assets of Holdren Insurance Group, Inc. (HIG). HIG, formed in 2010, focused on the unique workers' compensation needs of the shooting sports industry. Patriot will build upon the assets of HIG and continue to expand this niche program.
Chuck Holdren, founder of HIG, will now serve as Senior Vice President of Program Business Development at Patriot Underwriters, Inc. In his new role, Mr. Holdren will oversee PUI's current and new program business expansion.
John Rearer, President of Patriot Underwriters, Inc. said, "This acquisition is an opportunity to grow a program in an area traditionally underserved by workers' compensation insurance programs. Chuck's extensive insurance background makes him ideally suited to this new role and he will continue to ensure PUI remains a premier Program Administrator. We are pleased that Chuck has joined the Patriot team."
Mr. Holdren has been in the insurance industry for over 20 years with a focus on workers' compensation and specifically program business. He has structured numerous programs totaling over $400M in premium and has assumed various portions of risk on his program business via captives, alternative risk and/or reinsurance arrangements.
About Patriot Underwriters, Inc.
Patriot Underwriters produces, underwrites and administers alternative market and traditional workers' compensation insurance plans for insurance companies, segregated cell captives and reinsurers.
SOURCE Patriot Underwriters, Inc.