Patriot National announced that it has acquired Candid Investigation Services, an insurance risk management firm that operates in New Mexico and Texas.
Candid Investigation Services drives costs savings to insurance carriers by reducing exposure to fraudulent claims and favorably influencing subrogation outcomes.
Leveraging its state-of-the-art technology and highly trained staff, Candid provides evidence that increases subrogation recovery rates. Candid will become part of our investigative services subsidiary, Contego Services Group.
"Candid is our second acquisition in risk management services. It is consistent with our growth strategy to expand Patriot National’s fee-based service offerings with economically compelling, high-value solutions for our carrier clients," said Steven M. Mariano, Chief Executive Officer of Patriot National. "We are excited to welcome the entire team into the Patriot family."
Patriot National is a national provider of comprehensive technology and outsourcing solutions within the property and casualty marketplace, primarily in workers’ compensation, for insurance companies, employers, local governments and reinsurance captives.
Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services and claims administration services to its insurance carrier clients and other clients.