State National appoints Evercore for sales process

Specialist fronting and programme carrier State National has
appointed Evercore to run a formal sales process, The
Insurance Insider can reveal.
According to sources, the fast-growing Texas-based business
officially appointed the boutique corporate finance firm in recent
weeks, with a deal book thought to be circulating on the
insurer.
State National has carved out a dominant position in the
fronting space, including through the exclusive arrangement it has
with Nephila Capita. The deal allows t