(Beach in Fort Lauderdale, Fla., where both Ashmere Insurance and Patriot National are located.)
Ashmere Insurance Company, a Fort Lauderdale, Fla.-based workers’ compensation carrier doing business 36 states through a network of 4,200 independent agents, has awarded Patriot National, Inc. (Fort Lauderdale, Fla.) a long-term end-to-end business process outsourcing (BPO) service contract.
As part of what the vendor calls a the long-term turnkey BPO service contract, Patriot National will write and serve as program administrator for Ashmere’s specialty property and casualty insurance policies with defined underwriting, claims settlement, loss control and premium audit authority for accounts in all the states Ashmere does business in, according to a Patriot National statement.
“We are excited about our long-term contract with Ashmere to provide Patriot’s full suite of end-to-end services,” comments Steve M. Mariano, CEO, Patriot National. “Over the next 36 months, we expect the contract to generate over $100 million in written premium to be serviced by Patriot. Continued adoption of our innovative solutions is a clear indication of the value we are delivering to our carrier partners.”
Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions directed at helping 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.