By <a id="author" class="author" href="/us/authors/josh-recamara/">Josh Recamara</a> <br>Southlake Financial Group has completed its acquisition of Nevada General Insurance Co., as part of its efforts to expand its market presence and product offerings.<br>Southlake Financial Group has completed its acquisition of Nevada General Insurance Co., as part of its efforts to expand its market presence and product offerings.<br>The acquisition allows Southlake Financial to extend its admitted product portfolio and marks a significant step in the company’s growth strategy.<br>Yogesh Kumar, owner and chief executive of Southlake Financial, described the deal as a key milestone.<br>“This milestone is a key component of our growth strategy, enabling us to broaden our reach in the admitted market while reaffirming our commitment to delivering innovative solutions and outstanding financial security,” Kumar said. “We’re eager to grow and diversify our product offerings through this valuable addition.”<br>Nearly a year ago, Southlake Financial’s Southlake Specialty subsidiary agreed to acquire Nevada General Insurance from Western National Mutual Insurance. The financial terms of the proposed agreement were not disclosed.<br>According to the subsidiary, the deal will allow Southlake to expand its admitted product offerings to more states and provide multiple admitted carriers within the same state.<br>Following the acquisition, Nevada General Insurance will adopt Southlake Financial’s AM Best Credit Rating of A- (Excellent) and Financial Size Category VIII ($100 million to $250 million).<br>Texas-based Southlake Financial Group offers various insurance products through its subsidiaries, namely, Southlake Specialty Insurance Company, Westlake Specialty Insurance Company and Nevada General Insurance Company.<br><em>What are your thoughts about the article? Share your comments below.</em><br><br><a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxNekNhZkkxM1RFUW9UUHhQUmV3YldqbEFHNTJmNi1UbkZ6cG5YaE1STzZ4LTZPNV9sQlNqd3VVYXVocXpEZS1PazZNVG5OTDlDb29OdHBIRVhkcGJPaHZ4RTZsTF82dVZQd1hva1d0aGNGUFNfYS1RbVU2TnpwRHBQdVlnSlBIeC1RV2FCMkgwWklVNXJpempidTVWSUhRRjlEd0RCN2lTR1UyZWxiUmxhQlJMZnpUNUg5d2QtbA?oc=5">source</a>
