State National shares climb 5% after Evercore appointment

Shares in State National closed up almost 5 percent at $16.12
today (19 May) after The Insurance
Insider revealed the specialist fronting and
programme carrier had appointed Evercore to run a formal sales
process.
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 th