State National extends Meadowbrook deal

Fronting specialist State National has extended its relationship
with Fosun-owned Meadowbrook to at least 2017, delivering minimum
ceding fees totaling $22.5mn.
The US insurer announced the extension as it unveiled first
quarter results that included top and bottom line growth.
And the company said that, boosted by the updated Meadowbrook
deal, current programmes and pipeline opportunities, it has
upgraded its projections for 2016 ceding fees in its programme
services division from $55mn-$65mn t