Three-way deal cut on workers’ compensation products in mid-Atlantic

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Patriot Underwriters will begin distributing SPARTA Insurance Holdings’ workers’ compensation insurance in Pennsylvania, New Jersey, New York, Delaware and Florida.

deal-handshakePatriot Underwriters has signed a distribution and service agreement with Advantage Specialty to produce workers’ compensation insurance for SPARTA Insurance Holdings

Patriot Underwriters, a subsidiary of Patriot Risk Management, signed a distribution and service agreement with Advantage Specialty to produce workers’ compensation insurance for SPARTA Insurance Holdings.

With the agreement, Patriot Underwriters will provide sales, distribution and marketing services. Advantage Specialty will provide policy administration and underwriting services, and its sister company Scibal Associates will provide claims services. Patriot Risk Services, another subsidiary of Patriot Risk Management, Inc. will provide nurse case management and cost containment services for Scibal Associates.

“This agreement strengthens Patriot Underwriters’ workers’ compensation insurance product line in these states, and complements our other distribution and service relationships,” said Dean Watters, executive vice president of sales and marketing for Patriot Risk Management, in a statement.

Patriot Risk Management produces, underwrites and administers alternative market and traditional workers’ compensation insurance plans, and provides claims services for insurance companies, segregated cell captives and reinsurers.

Advantage Specialty is a managing general agency that underwrites workers’ compensation and package policies on behalf of regional insurance companies.

SPARTA, which is an acronym for Specialty Program and Risk Transfer Alternatives, is located in Hartford, Conn., and underwrites property-casualty insurance for the specialty and alternative risk program market.

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