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Everspan Partners with Ledgebrook on General Liability Program
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
NEW YORK--(BUSINESS WIRE)--
Everspan Group, Rated A- (Excellent) by AM Best, has partnered with specialty MGA Ledgebrook on a new program offering general liability and supported excess liability to mid-market businesses. Coverage will be distributed through wholesale brokers.
Built upon the foundational expertise of underwriters John Mullen and Steve Mills, Ledgebrook's technology platform allows it to process, triage and quote submissions more efficiently, enabling faster quote times and best-in-class service for its wholesale broker partners.
“We are thrilled to partner with the Ledgebrook team, which has a wealth of industry experience and shares our philosophy on underwriting discipline,” Everspan President Steve Dresner said. “Ledgebrook blends deep insurance knowledge with cutting-edge technology. That’s a potent combination.”
“Team Ledgebrook couldn't be more excited to announce our partnership with Everspan and Steve Dresner—a leader whose expansive vision and commitment to disciplined underwriting matches our own,” Ledgebrook Founder & CEO Gage Caligaris said. “The sky's the limit for what we can achieve together!”
About Everspan Group
Everspan Group is a specialty property and casualty insurance platform that operates nationwide on an admitted and non-admitted basis. The companies which comprise the Everspan Group are wholly owned subsidiaries of Ambac Financial Group, Inc. (NYSE: AMBC), an insurance holding company. For more information, please refer to www.everspangroup.com.
About Ledgebrook
Ledgebrook is a tech-enabled E&S MGA looking to provide the fastest, easiest quoting experience to wholesale brokers while delivering best-in-class pricing and risk selection via their innovative next-gen tech stack. Led by insurance industry veterans, Ledgebrook offers the best of both worlds: deep insurance expertise empowered by the best of modern technology. Visit us at ledgebrook.com
ambac financial group, inc. (“ambac”), headquartered in new york city, is a holding company whose subsidiaries, including its principal operating subsidiary, ambac assurance corporation (“ambac assurance”), everspan financial guarantee corporation, and ambac assurance uk limited, provided financial guarantees and other financial services to clients in both the public and private sectors globally. ambac assurance, including the segregated account of ambac assurance (in rehabilitation), is a guarantor of public finance and structured finance obligations. ambac is also exploring opportunities involving the development or acquisition of new financial services businesses. ambac’s common stock trades on the nasdaq global select market (nasdaq: ambc)
