State National Companies Inc. News

Terry, Luke Ledbetter Form Kestrel Group in Texas

Terry Ledbetter and Luke Ledbetter, formerly of State National Companies, announced the formation of Kestrel Group. The company acts as the exclusive producer for four A.M. Best “A-” rated (Excellent) carriers which are widely licensed throughout the United States with …

Markel Subsidiary State National to Provide Fronting for Tesla’s New Insurance Venture

Elon Musk’s Tesla plans to launch its own insurance product for Tesla drivers, which will be fronted by Markel Corp.’s subsidiary, State National. Markel’s Co-Chief Executive Officer Richard R. Whitt confirmed the partnership during the company’s first quarter earnings call …

Ratings of Missouri’s Savers Property and Casualty Insurance Under Review

A.M. Best has placed under review with positive implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” of Savers Property and Casualty Insurance Co. (Savers) in Clayton, Missouri. The ratings …

Texas’ State National Companies: Revenues Up in Q1 2017

State National Companies Inc., a Bedford, Texas-based specialty provider of property/casualty insurance services, reported an 18 percent increase in total revenues for the first quarter ended March 31, 2017. The company also raised its 2017 earnings per share outlook. Compared …

A.M. Best Revises Outlook to Positive for Texas-Based State National Group

A.M. Best revised the issuer credit rating (ICR) outlook to positive from stable, and affirmed the financial strength rating (FSR) of A (Excellent) and the ICRs of “a” of State National Insurance Co. Inc. and its subsidiaries, National Specialty Insurance …