Latest Breaking News On - Everspan indemnity insurance co - Page 1 : comparemela.com

Ambac Financial Launches Specialty Insurance Group Everspan February 10, 2021 Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business. Everspan Group’s insurance companies include two Arizona-domiciled entities: Everspan Indemnity Insurance Co., an excess and surplus lines insurer, and Everspan Insurance Co., an admitted carrier. A.M. Best has issued a Financial Strength Rating of ‘A-‘ (Excellent) for Everspan Group’s companies. The launch is part of Ambac’s specialty program insurance strategy and follows the December announcement that it is acquiring 80% of the membership interests of each of Xchange Benefits and Xchange Affinity Underwriting Agency, with Xchange’s management principals retaining the remaining 20%. Xchange is a managing general underwriter specializing in accident and health insurance.

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