BATON ROUGE, La. (December 18, 2024) – LWCC, Louisiana’s largest workers’ compensation insurance carrier, today announced it is acquiring 100% of North Carolina-based Prescient National, an AM Best “A” rated, high-performing national workers’ compensation insurance company, as a subsidiary of the company.
“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’s president and CEO. “We believe the acquisition will benefit our current and future policyholders.”
The acquisition brings together two top-performing workers’ compensation companies with a shared commitment to stakeholders and a culture of excellence. In addition to providing for the diversification of LWCC’s investment portfolio, LWCC expects the two companies to learn from and leverage the other’s strengths for their mutual benefit.
“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.”
Prescient National will continue to operate as a separate business in Charlotte, North Carolina.
Keefe, Bruyette & Woods, A Stifel Company, served as exclusive financial advisor and Sidley Austin LLP served as legal counsel to LWCC on this transaction.
Howden Capital Markets & Advisory served as exclusive financial advisor and Robinson Bradshaw served as legal counsel to Prescient National on this transaction.
About Prescient National
Prescient National is headquartered in Charlotte, North Carolina. We specialize in delivering forward-thinking workers' compensation insurance solutions to employers throughout the United States. By anticipating legal trends, market shifts, and economic cycles, Prescient National provides tailored risk management, claims handling, and coverage programs that help employers address today’s needs while preparing for future challenges.
About LWCC
LWCC is a Champion of Louisiana and proud to be headquartered in the state capital, Baton Rouge. As a model private mutual workers’ comp company, we are dedicated to excellence in execution from underwriting to compassionate care of injured workers. We are proud to partner with our agents and together deliver outstanding service to our policyholders and their workers. Louisiana Loyal, a movement we launched and continue to lead to celebrate and elevate Louisiana, drives us in pursuit of our purpose to help Louisiana thrive by bettering our state one business and one worker at a time. LWCC has been consistently recognized by industry leaders and named to the Ward’s 50® group of top-performing insurance companies, supporting our promise to provide safety, security, and stability to businesses in Louisiana. For more information on LWCC, its services, and its efforts to elevate Louisiana, please visit www.lwcc.com.
More news
New Year’s Resolutions: Building on Safety Success in 2025
A successful safety and risk management program requires detailed planning, careful implementation, and commitment to a strong safety culture. To get started, follow LWCC’s five steps to safety.
LWCC Earns National Recognition with Digital Transformation
Advanced upgrades, enhanced desktop, and predictive portal increase responsiveness and empower employees to focus on purpose-oriented tasks.
LWCC Raises $58,000 For Kids’ Chance Scholarship Program
LWCC hosts management and strategy expert Renee Mauborgne for annual Speaker Series to support the Kids’ Chance Scholarship Program
Frequently asked questions
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.
