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“We’re proud to announce the formation of Kestrel Group, with an revolutionary construction which is able to additional improve efficiencies within the insurance coverage worth chain,” mentioned Kestrel Group govt chairman Terry Ledbetter.
The Ledbetters are finest referred to as the founders of State Nationwide Corporations, which was offered to Markel Company in 2017 for $919 million.
Learn extra: Markel Company completes acquisition of State Nationwide
“Beforehand at State Nationwide, we targeted on the creation of a bridge between distribution and capability. Kestrel Group will construct on that in depth experience, robust monitor document of success and deep relationships all through the business to create vital profit for our shoppers,” added Terry Ledbetter.
Kestrel Group acknowledged that its crew has deep business connections and in depth data of onboarding and managing complicated packages effectively. The corporate has additionally boasted of its monitor document of writing worthwhile program enterprise, in addition to its robust relationships with regulators and score companies.
“The core of our enterprise is listening to the wants of shoppers in structuring transactions which result in long run partnerships,” mentioned Kestrel Group president and CEO Luke Ledbetter. “Terry and I’ve spent our careers targeted on these efforts and we discover nice satisfaction in constructing relationships and structuring options to learn all events. We’re excited concerning the alternative to as soon as once more serve program managers, MGAs, reinsurers and reinsurance brokers by means of the Kestrel Group.”
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