Everspan Group (Ambac) Acquires Three 21st Century Admitted Insurance Carriers
January 3, 2022
Everspan Group, a specialty property & casualty platform owned by Ambac Financial Group, completed the acquisitions of 21st Century Indemnity Insurance Company, 21st Century Pacific Insurance Company and 21st Century Auto Insurance Company of New Jersey. The deals expand Everspan's admitted carrier base and distribution capabilities for its program partners; legacy liabilities of the three carriers remain with the seller (described as a national insurance group).
- Targets
- 21st Century Indemnity Insurance Company, 21st Century Pacific Insurance Company, 21st Century Auto Insurance Company of New Jersey
- Sellers
- a national insurance group
- Industry
- Insurance
- Location
- United States
- Transaction Type
- Buyout
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