Everspan Group

Everspan Group sold its admitted shell company, Providence Washington Insurance Company, to Falvey Insurance Group as part of operational efficiency improvements.

Everspan Group announced three senior appointments to support growth: David A. Kenyon as Head of Reinsurance, Bevan Greibesland as Chief Underwriting Officer, and Forest Clay Stewart.

Everspan transfers its Rhode Island-based shell carrier, Providence Washington Insurance Company, to Falvey Insurance Group. The deal involves Octave Specialty Group’s fronting platform divesting its insurance carrier entity. Providence Washington Insurance Company will now operate under Falvey’s ownership.

Oct 2026Insurance BusinessNews article

Everspan is selling its insurance unit to realize an $11 million gain in book value. The transaction reflects a strategic move to optimize asset allocation and improve financial performance. The company does not disclose further details on the buyer or terms beyond the stated book value gain.

Oct 2026Investing.com IndiaNews article

Everspan appoints a new President and General Counsel to bolster its expansion efforts. The hires reflect the company’s strategic focus on scaling operations amid growing demand in its core markets. Leadership changes signal internal restructuring to address long-term growth challenges.

Feb 2026ReinsuranceNe.wsNews article

Ambac Financial Services reports a **$33.4 million net loss in Q1 2023**, reversing a **$2.0 million profit** in the same period last year. The company’s Everspan segment drives premium revenue growth, yet overall earnings decline due to broader financial pressures.

May 2023ReinsuranceNe.wsNews article