Everspan Group Acquires Three US Insurance Carriers to Expand Property and Casualty Platform.
MANews-(C)2009-2022
US-based property and casualty insurance platform Everspan Insurance Company has completed the acquisitions of 21st Century Indemnity Insurance company, 21st Century Pacific Insurance company and 21st Century Auto Insurance company of New Jersey, the company said.
Terms of the transaction were not disclosed.
Everspan Insurance Company is a subsidiary of New York-based financial services holding company Ambac Financial Group, Inc. (NYSE: AMBC).
The acquisition of these carriers, in addition to the recently completed acquisition of Providence Washington Insurance company in October 2021, materially...
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