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Octave Specialty Unit Everspan to Sell Admitted Shell Company to Falvey Insurance

Octave Specialty Unit Everspan to Sell Admitted Shell Company to Falvey Insurance

MT newswireMT newswire2026/10/23 12:57
08:57 AM EDT, 10/23/2026 (MT Newswires) -- Octave Specialty Group (OSG) unit Everspan Group said Friday that it has agreed to sell its redundant admitted shell company, Providence Washington Insurance, to Falvey Insurance Group. The sale, subject to customary closing conditions and regulatory approvals, is expected to increase Everspan's tangible book value by $11 million, it said.
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