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Guarantee Insurance Company to expand into Michigan

IBR Staff Writer Published 07 December 2012

Workers' compensation solutions provider Guarantee Insurance Company will commence writing workers' compensation insurance in Michigan, as a part of its nationwide expansion plan.

Patriot National Insurance Group Midwest Regional vice president John Travis said, "We believe there are many outstanding independent agencies in Michigan and we are looking for a few select partners."

In order to benefit mutually from a profitable book of business, Guarantee Insurance Company develops risk-sharing and profit sharing relationships with agents, and their clients.

The company is a subsidiary of Patriot National Insurance, which also provides traditional and alternative market workers' compensation insurance products.

It has also developed expertise in the utilization of segregated portfolio captives, agency captives, and other risk sharing workers' compensation insurance programs.