FORT LAUDERDALE, Fla., Dec. 17, 2010 /PRNewswire/ — Patriot Underwriters, Inc., a workers’ compensation insurance specialist, announced today that its Preferred Agency Captive Program has surpassed $100 million in annual workers’ compensation insurance premium. Patriot Underwriters ended 2009 with $41 million in workers’ compensation premium from agency-owned captives.
“Reaching $100 million in agency captive premium is a milestone for Patriot Underwriters,” said Dean D. Watters, President. “Our preferred agency captive program was introduced to the workers’ compensation market in 2009 and in just two years we’ve introduced more than 40 progressive insurance agencies to the benefits of forming agency-owned captives.”
Patriot’s preferred agency captive programs are underwritten by Guarantee Insurance Company and Ullico Casualty Company. Agency captives provide an opportunity for independent insurance agents to gain a share of underwriting profit and investment income from their controlled book of workers’ compensation insurance business.
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. For further information, please visit www.patriotunderwriters.com.
Media Contact:
Nicole Brewer
Patriot Underwriters, Inc.
954-670-2946
nbrewer@patriotunderwriters.com
SOURCE Patriot Underwriters, Inc.
Web Site: http://www.patriotunderwriters.com