PatNat leadership change spurs surge in shares

Shares in US insurance services provider Patriot National jumped
as much as 28 percent today as investors reacted positively to the
departure of company founder and CEO Steven Mariano.
The gain on the New York Stock Exchange came as investors
digested Mariano's replacement by Patriot Underwriters CEO John
Rearer, announced after normal trading had ended
yesterday.
Mariano, who retained his majority stake in the outsourcing
services provider, resigned as chairman, CEO and president on 10
July and