Zurich Financial Services Group has signed an agreement with Patriot National Insurance Group, a provider of workers' compensation insurance and related services, to underwrite workers' compensation insurance through its agency captive platform.
As per the agreement , Patriot is a captive program administrator with full underwriting and claims settlement authority for Patriot’s Preferred Agency Captives.
Zurich said the agreement further builds its presence as a captive insurance and services provider and serves as an opportunity to build relationships with smaller retail agents.
Zurich Programs & Direct Markets business unit head of Captives Rod DeMaso said this is a significant opportunity for them. They are continually looking for ways to further assert ourselves as a captive solutions provider and the agreement with Patriot allows that as well as an opportunity to work with preferred agency captive owners.