IAP Acted As Exclusive Financial Advisor To Patriot Select & Placement Agent For The Notes
On April 15th, 2025, Patriot Select Property & Casualty Insurance Company (“Patriot”) announced that it is entering the residential property insurance market in Florida and has raised capital in the form of promissory notes and surplus notes (collectively, the “Notes”) from a consortium of institutional investors, individual investors and strategic partners. Additionally, Patriot expects to obtain a financial strength rating acceptable to all mortgage markets in Q2 2025.
Patriot will focus on writing admitted-market homeowners insurance exclusively in Florida. Patriot will be led by John Rollins (CEO) who has 30+ years of Florida insurance experience.
Insurance Advisory Partners acted as the exclusive financial advisor to Patriot and placement agent for the Notes in connection with this transaction.