State National Companies

State National entering the UK market in 2024

Retrieved on: 
Tuesday, November 28, 2023
MGA, Freeman, NYSE, Insurance, State National Companies, Corporate development, MKL, Airline, Markel Corporation

LONDON, Nov. 28, 2023 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today that State National Companies, its wholly owned subsidiary, is entering the UK market beginning January 1, 2024.

Key Points: 
  • LONDON, Nov. 28, 2023 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today that State National Companies, its wholly owned subsidiary, is entering the UK market beginning January 1, 2024.
  • State National, the largest program services carrier in the U.S., is partnering with Markel International Insurance Company Limited to create a program services division in the UK to serve managing general agents (MGA).
  • "The UK MGA market is underserved, and we're intent on building a leading program services division in the UK.
  • "Working across Markel, Rob has driven the effort to establish State National Global with its program services expertise in the UK market," Freeman added.

State National entering the UK market in 2024

Retrieved on: 
Tuesday, November 28, 2023
MGA, Freeman, NYSE, Insurance, State National Companies, Corporate development, MKL, Airline, Markel Corporation

LONDON, Nov. 28, 2023 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today that State National Companies, its wholly owned subsidiary, is entering the UK market beginning January 1, 2024.

Key Points: 
  • LONDON, Nov. 28, 2023 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today that State National Companies, its wholly owned subsidiary, is entering the UK market beginning January 1, 2024.
  • State National, the largest program services carrier in the U.S., is partnering with Markel International Insurance Company Limited to create a program services division in the UK to serve managing general agents (MGA).
  • "The UK MGA market is underserved, and we're intent on building a leading program services division in the UK.
  • "Working across Markel, Rob has driven the effort to establish State National Global with its program services expertise in the UK market," Freeman added.

AM Best Affirms Credit Ratings of Markel Group Inc. and Its Subsidiaries

Retrieved on: 
Friday, October 27, 2023
Banking, Professional Services, Insurance, Finance, American International Group, Policy, Good, AM Best, Credit, Organization, AM, FSR, ERM, State National Companies, Proposed long-term solutions for the eurozone crisis, Investment, Risk management, Markel Corporation

AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Markel Group Inc. (Markel) (Glen Allen, VA).

Key Points: 
  • AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Markel Group Inc. (Markel) (Glen Allen, VA).
  • AM Best also has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of all the members of the Markel North America Insurance Group (Markel NA).
  • The outlook of all of these Credit Ratings (ratings) is stable.
  • The ratings of Markel reflect the ratings of its operating insurance subsidiaries, as well as its financial leverage and coverage metrics, which remain within AM Best’s guidelines.

Investors Title Company Declares Quarterly Dividend

Retrieved on: 
Monday, August 14, 2023
Insurance, Professional Services, State National Companies, ITIC, Security (finance)

Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record September 1, 2023, payable September 15, 2023.

Key Points: 
  • Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record September 1, 2023, payable September 15, 2023.
  • Investors Title Company is a publicly-held North Carolina company whose stock is traded on The Nasdaq Global Select Market.
  • Investors Title Company is engaged in the business of issuing and underwriting title insurance policies.
  • The Company also provides services in connection with tax-deferred exchanges of like-kind property as well as investment management services to individuals, companies, banks and trusts.

Insurtech Startup Lula Raises $35.5M in Series B Funding to Expand Insurance Platform Offerings

Retrieved on: 
Thursday, August 3, 2023
Insurance, Policy, API, Risk management, State National Companies, Founders Fund, Trust, Boston Celtics, Khosla Ventures, Growth, Entrepreneurship, Cryptocurrency, Car rental, Casino

MIAMI, Aug. 3, 2023 /PRNewswire-PRWeb/ -- Lula, the innovative insurtech startup known as the "Stripe for insurance," announced today that it has successfully raised $35.5 million in a Series B funding round. The funding round was led by NextView Ventures and Khosla Ventures, with participation from Founders Fund, Steve McLaughlin, founder and managing partner of Financial Technology Partners, Steve Pagliuca, Co-Chair of Bain Capital and Co-Owner of the Boston Celtics, and Plug and Play Ventures.

Key Points: 
  • Lula, the innovative insurtech startup known as the "Stripe for insurance," announced today that it has successfully raised $35.5 million in a Series B funding round.
  • MIAMI, Aug. 3, 2023 /PRNewswire-PRWeb/ -- Lula , the innovative insurtech startup known as the "Stripe for insurance," announced today that it has successfully raised $35.5 million in a Series B funding round.
  • Lula has quickly evolved from an API-based solution into a comprehensive insurance platform that aims to reduce insurance premiums and insurance related expenses for businesses of all sizes.
  • The platform offers a wide range of tools, including risk management, claims management, policy management, and access to insurance coverage.

Investors Title Company Declares Quarterly Dividend

Retrieved on: 
Wednesday, May 17, 2023
Insurance, Professional Services, State National Companies, ITIC, Security (finance)

Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record June 15, 2023, payable June 30, 2023.

Key Points: 
  • Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record June 15, 2023, payable June 30, 2023.
  • Investors Title Company is a publicly-held North Carolina company whose stock is traded on The Nasdaq Global Select Market.
  • Investors Title Company is engaged in the business of issuing and underwriting title insurance policies.
  • The Company also provides services in connection with tax-deferred exchanges of like-kind property as well as investment management services to individuals, companies, banks and trusts.

Skyward Specialty Unveils Leadership Changes in Captives and Programs Divisions

Retrieved on: 
Wednesday, April 5, 2023
Berkshire Hathaway, CG Power and Industrial Solutions, Klatt, Senior, Traveler, Swiss Re, World Wide Association of Specialty Programs and Schools, State National Companies, Management, Captives

About Skyward SpecialtySkyward Specialty (NASDAQ: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through eight underwriting divisions -- Accident & Health, Captives, Global Property, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S.

Key Points: 
  • HOUSTON, April 05, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company"), a leader in the specialty property and casualty market, has announced leadership changes as the Company takes action to further invest in its Captives and Programs divisions.
  • Ryan Burke will lead the Programs division following his promotion to Vice President, Specialty Programs.
  • Burke joined the Company in 2021 as underwriting manager and has made significant contributions to the development of the Company's Programs business.
  • Prior to joining Skyward Specialty, he held various underwriting and leadership positions at Swiss Re, Travelers and RT Specialty.

Investors Title Company Declares Quarterly Dividend

Retrieved on: 
Monday, March 6, 2023
Professional Services, Insurance, Finance, ITIC, State National Companies, Security (finance)

Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record March 21, 2023, payable March 31, 2023.

Key Points: 
  • Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record March 21, 2023, payable March 31, 2023.
  • Investors Title Company is a publicly-held North Carolina company whose stock is traded on The Nasdaq Global Select Market.
  • Investors Title Company is engaged in the business of issuing and underwriting title insurance policies.
  • The Company also provides services in connection with tax-deferred exchanges of like-kind property as well as investment management services to individuals, companies, banks and trusts.

Everspan Group Announces Retirement of Wyatt Blackburn

Retrieved on: 
Tuesday, November 29, 2022
Insurance, Professional Services, Culture, Growth, Fairfax Financial, History, Ambac, Multimedia, Insurance, Gen Re, MGA, Yehiel Dresner, P&C, State National Companies, Senior, Le Blanc, NYSE, Endurance, AM Best, Crum, Acquisition, Management, Reinsurance

Everspan Group (Everspan), a specialty property and casualty insurance platform owned by Ambac Financial Group (NYSE: AMBC) (Ambac), today announced that Steven K. Dresner has been appointed President of Everspan, succeeding Wyatt Blackburn, who has retired.

Key Points: 
  • Everspan Group (Everspan), a specialty property and casualty insurance platform owned by Ambac Financial Group (NYSE: AMBC) (Ambac), today announced that Steven K. Dresner has been appointed President of Everspan, succeeding Wyatt Blackburn, who has retired.
  • Blackburn will assume the role of Vice Chairman of Everspan Holdings and become a member of the Everspan Holdings Board of Directors.
  • Wyatt successfully led the Everspan organization through its launch and current growth trajectory, creating a culture of innovation and collaboration, Ambac CEO Claude LeBlanc said.
  • The companies which comprise the Everspan Group are wholly owned subsidiaries of Ambac Financial Group, Inc. (NYSE: AMBC), an insurance holding company.

Thomas S. Gayner to become sole Chief Executive Officer of the Markel Corporation on January 1, 2023

Retrieved on: 
Wednesday, November 16, 2022
Growth, State National Companies, Risk management, MKL, Leadership, Senior, Markel Corporation, Company, Time, Mark Wilson (businessman), NYSE, Multimedia, Style, Investment, Culture, Retirement, Solution, Management, Insurance, Noble

RICHMOND, Va., Nov. 16, 2022 /PRNewswire/ --Markel Corporation (NYSE: MKL) announced today that Thomas S. Gayner, Co-Chief Executive Officer, will become sole Chief Executive Officer upon the retirement of Richard R. Whitt III, Co-Chief Executive Officer, on January 1, 2023.

Key Points: 
  • RICHMOND, Va., Nov. 16, 2022 /PRNewswire/ --Markel Corporation (NYSE: MKL) announced today that Thomas S. Gayner, Co-Chief Executive Officer, will become sole Chief Executive Officer upon the retirement of Richard R. Whitt III, Co-Chief Executive Officer, on January 1, 2023.
  • Also effective on that date, Jeremy A. Noble, Senior Vice President and Chief Financial Officer, will become President of Markel's global insurance engine.
  • As Chief Executive Officer, Gayner will lead the continued growth of Markel's group of businesses and investments, which are organized as three engines of insurance, investments, and Markel Ventures.
  • "Since our founding in 1930, each evolution and every leadership transition has reinforced the role that culture plays in our success.