BATON ROUGE, LA — LCTA Workers’ Comp announced today that it has entered into an agreement to sell its managing general agency, LCTA Risk Services, Inc. to Trean Corporation. LCTA will represent Trean’s affiliated insurance companies, American Liberty Insurance Company and Benchmark Insurance Company. These are A.M. Best ‘A VIII’ rated carriers offering competitive workers’ comp rates in 49 states.
“We are excited to enter the next phase of LCTA’s evolution,” said Melissa Campesi, LCTA’s President and Chief Executive Officer. “We will continue to provide our agents and insureds the same great service they have come to expect.”
“We are pleased to welcome LCTA Risk Services into the Trean family” said Joy Edler, Trean Corporation’s Chief Operating Officer. “Our organizations share similar cultural values and LCTA’s business and exceptional capabilities are a terrific complement to Trean’s growing insurance and service offerings.”
About the Companies
LCTA has provided workers’ comp coverage to Louisiana businesses since 1990.
Trean Corporation was founded in 1996 to provide innovative solutions in the insurance and reinsurance markets. The company is headquartered in Wayzata, Minnesota, and has offices in ten states across the U.S.