Patriot National Insurance Group Changes Name to Guarantee Insurance Group

FORT LAUDERDALE, FL.- September 17th, 2014

Patriot National Insurance Group, Inc. has changed its name to Guarantee Insurance Group effective September 10th, 2014.

Guarantee Insurance Company, a subsidiary of Guarantee Insurance Group, underwrites workers’ compensation insurance in 31 states including the District of Columbia. Guarantee Insurance Company offers guaranteed cost and alternative market solutions along with expertise in segregated portfolio captives and risk-sharing insurance programs.

Charles Schuver, President of Guarantee Insurance Company said, “Guarantee is committed to enhancing our services and employing top industry professionals. Our brand will continue to focus on delivering the exceptional results our customers have come to expect.”

Guarantee Insurance Company Expands Into Texas

FORT LAUDERDALE, FL – February 10 , 2014

Guarantee Insurance Company, a monoline workers’ compensation insurance carrier, is expanding into Texas. The addition of Texas increases Guarantee’s presence in the Midwestern States and further supports the company’s expansion plan throughout the U.S.

Charles Schuver, President of Guarantee Insurance Company said, “We are excited to keep expanding our operations and to give our current and prospective agents multi-state coverage options. We believe there are many outstanding independent agencies in Texas and we are looking forward to providing them with another market for their workers’ compensation needs.”

Guarantee has always been focused on building dedicated agency relationships and providing superior workers’ compensation solutions to insurance buyers. This dedication to a quality product and the highest level of customer service is fundamental to Guarantee’s success.

Guarantee Insurance Company Expands Into Michigan

FORT LAUDERDALE, FL – December 6th, 2012

Guarantee Insurance Company, will begin writing workers’ compensation insurance in Michigan. The addition of Michigan increases Guarantee’s presence in the Midwestern States and further supports the company’s nationwide expansion plan.

Guarantee gains a competitive advantage by developing and managing, complex alternative market solutions for large customers and agency partners.  Guarantee has developed industry-leading expertise in the utilization of segregated portfolio captives, agency captives, and other risk sharing workers’ compensation insurance programs. Guarantee Insurance Company believes that developing risk-sharing and profit sharing relationships with agents, and their clients, is one of the best ways for all parties to benefit mutually from a profitable book of business.

John Travis, Midwest Regional Vice President said, “We are excited about expanding into Michigan. We believe there are many outstanding independent agencies in Michigan and we are looking for a few select partners. Patriot provides excellent customer service, which is key to our success.”

Guarantee Insurance Company Announces $28-Million Capital Infusion

FORT LAUDERDALE, FL. – December 2, 2013

Guarantee Insurance Company, a leading provider of workers’ compensation insurance, today announced that it has closed a financing transaction resulting in a $28-million capital infusion. Guarantee, which has seen steadily growing capital levels over the last decade, reports that this infusion marks the largest capitalization in company history, and propels the carrier to over $75 million in statutory surplus.

Steven M. Mariano, Chairman and CEO of Guarantee parent company, Patriot National Insurance Group, said “With this investment completed, Guarantee Insurance Company now has greater financial flexibility to fuel its growth, expand into new geographic markets and strengthen its strong partnership with its clients.”

In addition to Guarantee, Patriot National is the parent company for Patriot Underwriters, Inc. a national program administrator that produces and underwrites workers’ compensation insurance for leading carriers nationwide.

Guarantee President Charles K. Schuver added, “This latest round of financing is a testament to the strength of our business and the resilience of our programs in the face of ever changing market conditions. I am confident this surplus boost will allow our company to continue its track record of growth and success in the workers compensation industry.”

Guarantee Insurance Company Is Now Licensed to Write Workers' Compensation in Oregon and South Dakota

FORT LAUDERDALE, FL – September 6, 2012

Guarantee Insurance Company is licensed to write workers’ compensation insurance in Oregon and South Dakota. The addition of the recent states expands Guarantee’s presence in the Western States and further supports the company’s plan to expand throughout the U.S.

Guarantee Insurance Company is a mono-line workers’ compensation carrier licensed in 29 states. Guarantee is headquartered in Fort Lauderdale, FL, and operates seven additional regional offices across the country.

Guarantee has always been focused on building dedicated agency relationships to provide superior workers’ compensation solutions to insurance buyers. This is the primary building block of its success and forms the foundation of Guarantee’s anticipated growth in both Oregon and South Dakota.

Guarantee’s primary competitive advantage is in developing and managing complex alternative market solutions for large customers as well as agency partners. Guarantee has developed industry-leading expertise in the utilization of segregated portfolio captives, agency captives, and risk sharing insurance programs for workers’ compensation programs. Guarantee Insurance Company believes that developing risk-sharing and profit sharing relationships with agents and their clients is one of the best ways for all parties to benefit mutually from a profitable book of business.

John Rearer, Western Regional Vice President said, “We are excited to keep expanding in the western region and give our current agents and prospective agents multi-state coverage. Guarantee is looking to appoint agents in Oregon and South Dakota to provide them another market for their workers’ compensation needs.” Charles Schuver, President of Guarantee Insurance Company, said, “Guarantee Insurance Company is led by a team with extensive knowledge of the workers’ compensation industry. We provide excellent customer service, which is key to our success at both the regional and national levels.”