Markel to acquire State National

Markel Corporation and State National Companies, Inc. today announced that they have entered into a definitive agreement under which Markel will acquire all of the outstanding shares of State National common stock for $21.00 per share in cash. The transaction has a total value of approximately $919 million.

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State National Companies Announces New Program Services Clients

State National Companies, Inc. 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.

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State National Companies A.M. Best “A” (Excellent) Rating Affirmed

State National Companies, Inc. today announced that A.M. Best has 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 Company, Inc. and its subsidiaries, National Specialty Insurance Company and United Specialty Insurance Company, which operate under a pooling agreement and are collectively referred to as State National Group (State National). The outlook for the FSR remains stable.

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State National Companies Names Matthew Freeman President

State National Companies, today announced that Matthew Freeman has been appointed President of State National Companies, effective February 8, 2016.

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State National Appoints Poeton to SVP-Business Development of Program Services Segment

State National Companies, today announced that Mr. Tim Poeton has been appointed 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.

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