LWCC, Louisiana’s largest workers’ compensation insurance carrier, announced its acquisition of North Carolina-based Prescient National, a top-rated national workers’ compensation insurer. The acquisition positions Prescient National as a direct subsidiary of LWCC, creating a strategic partnership between two high-performing companies in the workers’ compensation space.
Shared Vision for Growth and Excellence
“Prescient National has a demonstrated track record of outstanding performance that positions it as an attractive complement to LWCC’s conservative investment strategy,” said Kristin W. Wall, LWCC President and CEO. “We believe the acquisition will benefit our current and future policyholders.”
Prescient National, headquartered in Charlotte, North Carolina, specializes in forward-thinking workers’ compensation insurance solutions. The company will continue operating as a separate business under its existing leadership, leveraging the partnership to enhance its entrepreneurial approach.
“We are excited to enter into this long-term partnership with a company that deeply understands our business,” said Bruce Flachs, CEO of Prescient National. “The entrepreneurial, forward-looking approach our team has taken to build this company will be enhanced with LWCC’s support.”
Strategic Diversification and Collaboration
The acquisition not only diversifies LWCC’s investment portfolio but also offers opportunities for both companies to learn from and leverage each other’s strengths. The partnership aligns two organizations committed to excellence in service and stakeholder value.
Advisors and Legal Counsel
Keefe, Bruyette & Woods, a Stifel Company, served as exclusive financial advisor, and Sidley Austin LLP provided legal counsel to LWCC. For Prescient National, Howden Capital Markets & Advisory acted as exclusive financial advisor, with Robinson Bradshaw providing legal counsel.
About LWCC
Headquartered in Baton Rouge, LWCC is a model private mutual workers’ compensation company dedicated to excellence in underwriting, risk management, and compassionate care for injured workers. As the leader of the Louisiana Loyal movement, LWCC is committed to elevating Louisiana’s businesses and workforce, one worker and one business at a time. Recognized as a top-performing insurer by Ward’s 50®, LWCC continues to provide safety, security, and stability to Louisiana employers.
About Prescient National
Based in Charlotte, North Carolina, Prescient National delivers innovative workers’ compensation solutions tailored to employers nationwide. By anticipating legal, market, and economic trends, Prescient National offers customized risk management, claims handling, and coverage programs designed to address today’s needs and prepare for tomorrow’s challenges.
For more information about LWCC, visit www.lwcc.com. To learn more about Prescient National, visit their website.