Venbrook partners with Everspa – GuruFocus.com
WOODLAND HILLS, Calif., June 14, 2021 / PRNewswire / – Venbrook Group, LLC (“Venbrook”), a holding company with various subsidiaries active in the insurance market, today announced that it has formed a program partnership with Everspan Indemnity Insurance Company ( “Everspan”), a franchise and The Surplus Lines Insurer, which is part of Everspan Group, a participatory frontage insurance group rated A- (Excellent) by AM Best with a financial size category class VIII, for offer a non-emergency medical transportation program (“NEMT”).
We are excited about our strategic partnership with Everspan and the opportunity to create a NEMT program.
The program targets NEMT companies that transport patients in medical vans, ambulets, stretcher vans and ambulances (both basic and advanced resuscitation) and will be managed by the Cardigan General Auto Program Platform (“Cardigan”) ). A leader in Written Motor Liability with Everspan, Cardigan also offers physical damage, general liability and professional liability coverage in a few select markets. The program is licensed to write in AZ, CA, DE, IL, MD, NJ, OH, PA, VA, WA and plans to expand to CO, CT, and TN.
Aligning common goals, the NEMT program solution represents a multi-faceted partnership approach, bringing together deep technical expertise from program administrators and the efficient transportation program platform offered by Cardigan General Insurance Services, LLC, a subsidiary of wholly owned by Venbrook Group, LLC. The NEMT program will be written on the highly rated Everspan paper.
“We are delighted with our strategic partnership with Everspan and the opportunity to complement our expertise, expand our footprint and together build a ‘best in class’ NEMT program,” said Brenda Sherman, Head of Underwriting for Venbrook’s Programs Division.
Wyatt blackburn, President of Everspan Group, said: “We are very pleased with our partnership with top underwriters like Cardigan in a growing segment of the program insurance market. Mr. Blackburn continued, “We are delighted to be working with the Venbrook team as we partner with them as this successful program grows and expands.
About the Everspan group
Everspan Group is a specialty P&C insurance platform comprised of Everspan Insurance Company, a licensed insurer, and Everspan Indemnity Insurance Company, a surplus line insurer. Everspan Group operates nationwide on an admitted and non-admitted basis. The companies that make up the Everspan group are wholly owned subsidiaries of Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company. For more information, please refer to www.everspangroup.com.
About Cardigan General Insurance Services
Cardigan General Insurance Services, LLC (“CGIS”) is a general insurer management platform distributing through retail and wholesale channels. The platform focuses on cutting-edge service technology combined with expert pricing, claims management, claims inspection and actuarial analysis to ensure the company’s low claims rates. CGIS is a wholly owned subsidiary of Venbrook Group, LLC.
Venbrook Group, LLC is a holding company with subsidiaries engaged in retail brokerage, wholesale brokerage, claims programs and services. Venbrook serves a national customer base in a myriad of industries with varying needs. Venbrook’s team of industry experts and specialists partner with clients to manage their risks, create security, promote growth and add value by providing the best insurance products and programs.
Venbrook continues to forge partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Venbrook is headquartered at Los Angeles with various locations across the country. For more information, please visit www.venbrook.com.
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SOURCE Venbrook Group, LLC