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Everspan to sell its redundant admitted shell company to Falvey Insurance

Reported · Written up by our desk · Health Insurance

Everspan Group, a specialty property and casualty insurance platform, has entered into a definitive agreement to sell Providence Washington Insurance Company (PWIC) to Rhode Island-based Falvey Insurance Group. The transaction is expected to increase Everspan’s tangible book value by roughly $11 million. The divestment of the admitted shell company is part of the company’s broader […] The post Everspan to sell its redundant admitted shell company to Falvey Insurance appeared first on ReinsuranceNe.ws .

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Reinsurance NewsEverspan to sell its redundant admitted shell company to Falvey Insurance

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