State National Companies
State National Companies operates as a subsidiary of Markel Corporation and specializes in property and casualty insurance within two distinct niche markets in the United States. The company offers collateral protection insurance, which covers personal automobiles and other vehicles used as collateral for loans provided by credit unions, banks, and specialty finance companies. Additionally, through its Program Services segment, State National leverages its strong financial rating and extensive licensing to facilitate access to the U.S. property and casualty insurance market, generating revenue through ceding fees. This dual focus allows the company to meet the specific insurance needs of its clients while capitalizing on market opportunities.
Top Regions
Top Stages
2 past transactions
Boost
Seed Round in 2017
Boost Insurance USA, Inc. specializes in providing a comprehensive platform for insurtech startups in the property and casualty insurance sector. Established in 2017 and headquartered in New York, Boost offers an infrastructure-as-a-service solution that simplifies the creation and management of insurance products. The platform enables technology companies and emerging startups to seamlessly embed insurance offerings into their existing systems, significantly reducing costs associated with operational, compliance, and capital requirements through straightforward API integration. Boost automates essential processes such as policy administration, claims management, and regulatory compliance, allowing partners to concentrate on enhancing customer experiences and innovating their insurance products. The company is licensed to produce both commercial and personal lines of insurance across all 50 states, delivering modern, 'A'-rated insurance solutions that are backed by leading industry players.
United National Group
Acquisition in 2016
United National Group is an insurance company that specializes in providing property and casualty insurance. The company also supports programs aimed at fostering high-quality program administrators, enhancing its offerings in the insurance sector. Through its focus on these areas, United National Group aims to meet the diverse needs of its clients and contribute to the stability of the insurance market.
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