Patriot Risk Management Announces Formation of Patriot Underwriters

Apr 13, 2009

Fort Lauderdale, April 13, 2009 – Patriot Risk Management, Inc. an insurance holding company specializing in workers’ compensation insurance and insurance services solutions, announced today the formation of Patriot Underwriters, Inc. to facilitate the expansion of its insurance distribution and policyholder services business.

“We formed Patriot Underwriters in response to the many partnership opportunities we have with high quality insurers and reinsurers who recognize our unique expertise in alternative markets and traditional workers’ compensation insurance.” said Steven Mariano, CEO of Patriot Risk Management, Inc. “We will be announcing a number of new partnerships in the coming weeks and months.”

Patriot Underwriters will private label a broad range of alternative and traditional workers’ compensation products and services, including product design, marketing, distribution, underwriting, policy management, claims management, nurse case management, cost containment services, subrogation recovery, and captive management services.

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About Patriot Risk Management, Inc.

Patriot Risk Management is a workers compensation risk management company providing insurance products and services to workers’ compensation insurance companies, segregated portfolio cell captives and reinsurers.

Through its subsidiaries Patriot Risk Services, Patriot Underwriters, and Guarantee Insurance Company, Patriot Risk Management provides alternative market risk transfer solutions, traditional workers compensation insurance, and a range of insurance services. For additional information please visit the following web-sites at www.prmigroup.com; www.guaranteeins.com; and www.patriotrs.com.