Today’s issue of WorkCompRecap features some market expansion news, with Patriot National Insurance Group’s recent announcement that its subsidiary Guarantee Insurance Company, a monoline workers’ compensation insurance carrier, is expanding into Texas. Guarantee noted their focus on building dedicated agency relationships, and that the expansion improves its presence in Midwestern states. Find out more by clicking here!
Also in the news today is Marsh & McClennan Agency’s announcement of its acquisition of San Diego based Barney & Barney, the country’s 34th largest brokerage firm. Barney & Barney has annual revenue of $100 million and 500 employees, all of whom will join MMA. While terms were not disclosed, MMA noted that the acquisition was its largest to date, expanding MMA’s presence in the west. Find out more by clicking here!