State National Appoints Beard to SVP - Business Development of Program Services Segment
11 March 2016 - 1:00AM
State National Companies, Inc. (NASDAQ:SNC), a leading specialty
provider of property and casualty insurance, today announced that
Matt Beard has been named Senior Vice President of Business
Development of its Program Services segment, which provides
fronting capacity by offering broad licensing authority and
national access to insurance products and markets to clients.
"Matt’s extensive industry experience strengthens
our Program Services segment and further develops State National’s
relationships with managing general agents and reinsurance
intermediaries,” said Terry Ledbetter, Chairman and CEO of State
National Companies. “He brings expertise in pairing program
managers with reinsurance capacity and has a proven track record in
working with both U.S. and international markets.”
Mr. Beard has extensive insurance and reinsurance
experience, specializing in program business. Most recently, he
served as President for Assure Re Intermediaries, Inc. in Dallas,
Texas. Previously he assisted in forming and developing Assure Re
Intermediaries, Inc. and held positions at BMS Intermediaries in
both London and Dallas. Mr. Beard started his career with EWI
Re.
State National's Program Services business provides
fronting to general agents and insurance carriers to leverage its
"A" (Excellent) A.M. Best rating with its expansive licenses and
trusted reputation to provide access to the U.S. property and
casualty insurance market in exchange for a ceding fee. State
National issues the policy, and the reinsurer assumes the risk.
“I am excited to join the market leader in the
fronting and Program Services segment and to join a company with
such a remarkable history of success. I look forward to working
with this team of experienced professionals and assisting State
National’s clients to achieve their goals and objectives,” said Mr.
Beard.
About State National Companies,
Inc.
State National Companies, Inc. (NASDAQ:SNC) is a
leading specialty provider of property and casualty insurance
operating in two niche markets across the United States. In its
Program Services segment, the company leverages its “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 a ceding fee. In its Lender Services segment, the
company specializes in providing collateral protection insurance,
which insures personal automobiles and other vehicles held as
collateral for loans made by credit unions, banks and specialty
finance companies. To learn more, please visit
www.statenational.com
Media Contact:
(800) 877-4567, ext. 1190
Mike Gallagher
mgallagher@statenational.com
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