We are pleased to announce a transformative milestone in our journey toward becoming a leading nationwide “A” rated carrier: Prescient National is being acquired by “A” rated, Louisiana-based LWCC. Together we will break into the top 50 workers’ compensation carriers in the U.S. by premium. This partnership marks an opportunity for Prescient National to leverage LWCC’s strong capital base and expertise, propelling us closer to our vision of becoming a leading national carrier.
Prescient National and LWCC are a natural fit, united by a shared commitment of stability and unparalleled service as the cornerstones of success. Each company will bring valuable experience and strategic insight to the table driving innovations that will strengthen both companies.
Prescient National will continue to operate as a separate business, maintaining the approach and dedication that have always defined us. Join us in celebrating this significant moment as we embark on this new chapter!
What this means for our Policyholders
- Your current coverage, premium, and contacts with Prescient National will not change.
- The service and relationship you have come to expect from us will continue, including our service model and claims handling.
- Our approach to rate setting will not change.
About LWCC
LWCC is a private, mutual insurance company that specializes in providing workers’ compensation insurance to employers in Louisiana. LWCC is a 19-time Wards 50 recipient with an “A” Financial Strength Rating and an “a+” Issuer Credit Rating from AM Best. As a mutual, LWCC focuses on the long-term, ensuring stability and profitability through sound business practices and a strategic approach to risk management that maximizes returns for its policyholders.
Questions?
If you have questions related to the acquisition, please contact Ken Gesner at kgesner@prescientnational.com or (704) 405-2340.
