ARLINGTON, Texas – National Lenders General Agency, LLC, specializing in reinsurance products for independent auto dealers and lenders in the Buy Here-Pay Here, Lease Here-Pay Here and point of sale markets, has been selected by the National Independent Automobile Dealers Association as its newest Gold-level National Corporate Partner.
National Lenders sells contractual protection, limited warranty and vendor single interest insurance products.
The Arlington, Texas-based firm is managed by Kenneth H. Terkel, president, and Eric S. Hurst, executive vice president and chief operating officer – highly seasoned and well-regarded industry veterans.
Terkel is an authority on auto finance solutions, having helped thousands of dealers and lenders throughout his career as co-founder of SeaWest Financial Corporation. Hurst has held executive roles with NextGear Capital, AFC and RumbleOn.
Terkel manages National Lenders from its operations center in Houston, while Hurst runs business development from its Carmel, Ind., office. The team is rapidly expanding its sales force in all regions of the country.
“As our company grows, we find customers appreciate the innovations we bring to the market,” Terkel said.
“We share common ownership with Empire Indemnity Insurance Company RRG and will be Empire Indemnity’s exclusive managing general agency, a streamlined business structure that results in reduced risk, improved returns and significant cost savings in the insurance vertical.”