QBE launches regional program with Patriot National for select industries
New York, NY – QBE North America, an operating division of global insurer QBE Insurance Group Limited, today announced the launch of a program with Patriot National (NYSE: PN) to write workers' compensation and employers' liability insurance policies for hospitality, healthcare, property management and manufacturing accounts in 12 states.* Patriot National, Inc. will serve as program administrator with defined underwriting, claims administration and loss control authority on behalf of QBE.
"We are pleased that QBE, one of the world's largest insurance carriers, has engaged Patriot National to capitalize on the promising opportunity to write workers' compensation and employers' liability policies for the targeted industries in 12 key states," said Steven M. Mariano, Chief Executive Officer of Patriot National. "We are proud of our continued success in broadening and deepening our carrier relationships, particularly with major global carriers such as QBE. We look forward to working with QBE to help them meet their business objectives by leveraging Patriot National's end-to-end suite of services."
"QBE is an integrated specialist insurer and one of the premier writers of program business in the U.S. with nearly $1.3 billion of in-force annual premium. We are dedicated to providing customers with insurance solutions that fit their needs," said Glenn Skrynecki, QBE Senior Vice President, Underwriting Leader - Program Business.
In addition to providing a suite of Commercial Line products, such as property, casualty, and workers compensation, QBE offers a broad class appetite with the flexibility to provide multiple lines of coverage, including Personal insurance. Through QBE Specialty, midsized business customers have integrated access to best-in-class insurance solutions in Accident & Health, Aviation, Cyber, Inland Marine, Management Liability & Professional Lines, and Trade Credit.
*Alabama, Arizona, Georgia, Illinois, Kansas, Missouri, North Carolina, South Carolina, South Dakota, Tennessee, Virginia, Vermont (as of 12/12/2016)
About Patriot National
Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, self-funded health plans and employment pre-screening services to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida. For more information about Patriot National, please visit www.patnat.com.
About QBE
QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2015 of $4.6 billion. QBE Insurance Group's 2015 results can be found at www.qbe.com/us. Headquartered in Sydney, Australia, QBE operates out of 37 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's. Additional information can be found at www.qbencom/us, or follow QBE North America on Twitter.
Contact
Carla Ferrara, Vice President, Corporate Communications & Branding, 212.497.9604, Carla.ferrara@us.qbe.com