Ft. Lauderdale, FL – Patriot National, Inc. (NYSE: PN) recently announced the expansion of its partnership with carrier Falls Lake National Insurance Company (formerly known as Stonewood National Insurance Company), a subsidiary of James River Group Holdings, Ltd. (Nasdaq: JRVR).
Falls Lake focuses on underwriting specialty products through limited distribution sources in targeted industries. As part of the original partnership agreement with Falls Lake announced in February 2014, Patriot National writes workers’ compensation insurance and serves as program administrator with defined underwriting and claims settlement authority for healthcare accounts in key Midwestern states. The new program will take advantage of the full suite of Patriot National’s services, including general agency services, underwriting, and claim cost containment and related services.
“Patriot National’s growth model calls for securing and growing strategic alliances with carrier partners that share our dedication to providing superior insurance products and industry-leading customer service. Underwriting and handling outsourcing services for the healthcare industry is one of our key verticals and adds significant value to our new expanded program arrangements with Falls Lake,” said Steven Mariano, Patriot National’s Chief Executive Officer.
The expanded partnership agreement broadens the geographies served to 10 states, including Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Missouri, Nebraska, Oklahoma, and Texas where Patriot National has an especially strong distribution network.
Source: Patriot National