State National Companies Announces New Program Services Clients
STATE NATIONAL COMPANIES INC (SNC)
Last state national companies inc earnings: 5/10 04:10 pm
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US:NASDAQ Investor Relations:
ir.statenational.com
Company Research
Source: PR Newswire
BEDFORD, Texas, May 1, 2017 /PRNewswire/ -- State National Companies, Inc. (NASDAQ: SNC), a leading specialty provider of property and casualty insurance services, today announced the addition of two significant clients in its Program Services business segment. These clients both bring existing books of business to State National, and combined, they produce approximately $200 million in annual premiums.State National's Program Services business segment provides insurance fronting services that leverage the company's "A" (Excellent) A.M. Best rating, expansive licenses and reputation to provide access to the U.S. property and casualty insurance market in exchange for ceding fees. These large programs are written through a program manager of a large national broker and a specialty managing general agent, both of which are well-established organizations that provide specialty insurance solutions in the U.S. These two new clients began writing premium with State National in the second qu
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