Rebranding May Not Mean Widespread Changes for Patriot National

Patriot National has emerged from Chapter 11 bankruptcy and has changed its name, but whether the provider of technology services to the insurance industry can overcome its past troubles remains to be seen. The company announced this month that it successfully emerged from Chapter 11 and is now known as Carrier and Technology Solutions. Ownership of the company has transitioned from Patriot National’s public shareholders to Cerberus Business Finance LLC and TCW Asset Management Co. The agreement for the company to be acquired by its lenders was first announced in November. The acq...