Reinsurance Specialist Selected as Association’s Newest National Corporate Partner
Arlington, Texas (April 4, 2022) – 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.”
About National Lenders General Agency, LLC National Lenders General Agency, LLC is a leading risk management company, bringing contractual protection insurance (CPI), limited warranty and vendor single interest (VSI) insurance solutions to independent auto dealers and lenders in the BHPH, LHPH and POS markets. For more information, call (817) 767-9200 or visit www.nationallenders.com.
The National Independent Automobile Dealers Association (NIADA) is among the nation’s largest trade associations, representing the used motor vehicle industry comprised of some 40,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA’s grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry. For more than 75 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA programs and educational opportunities is available at www.niada.com.