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Lackawanna Insurance Group, headquartered in Wilkes-Barre, Pennsylvania, specializes in providing workers' compensation insurance exclusively for businesses across Pennsylvania. With over 75 years of dedicated experience in this niche market, the company offers tailored coverage and has established itself as the 6th largest workers' compensation writer in the state. It currently employs 60 individuals, generating $25.4 million in annual revenue. Acquired by Group 1001 in 2019, Lackawanna Insurance Group operates as a key subsidiary alongside Delaware Life Insurance Company, with ultimate control held by Mark R. Walter. The organization, originally founded in 1942, has been led by notable figures including Chairman Michelene Pagnotti and CEO Michael Camilleri. Its business model centers on earns revenue through premiums from workers' compensation insurance policies written in Pennsylvania.
Lackawanna Insurance Group has 2 tracked investments across 2 companies. The latest tracked deal is $11.5M Series A in Coterie in February 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 8, 2021 | Coterie | $11.5M Series A | Intact Ventures | Allos Ventures, Alpha Edison, RPM Ventures |
| Feb 5, 2021 | Coterie Insurance | $11.5M Series A | Karim Hirji | Allos Ventures, Alpha Edison, Group 1001, RPM Ventures |
