Venbrook Partners with Everspan on a Non-Emergency Medical Transportation Program
June 14, 2021 at 05:23 pm EDT
Share
Venbrook Group, LLC announced that it has formed a program partnership with Everspan Indemnity Insurance Company ("Everspan"), an excess and surplus lines insurer, which is part of Everspan Group, a participatory fronting insurance group Rated A- (Excellent) by AM Best with a Financial Size Category Class VIII, to offer a Non-Emergency Medical Transportation ("NEMT") Program. The program targets NEMT companies that transport patients in medical vans, ambulettes, gurney vans, and ambulances (both basic & advanced life support) and will be managed by the Cardigan General Auto Program Platform ("Cardigan"). Leading with auto liability written with Everspan, Cardigan also offers coverage for physical damage, general liability and professional liability through a few select markets. The program is authorized to write in AZ, CA, DE, IL, MD, NJ, OH, PA, VA, WA and has plans to expand to CO, CT, and TN. Aligning mutual goals, the NEMT program solution represents a multi-faceted partnership approach, bringing together deep technical expertise of program administrators and the efficient transportation program platform offered by Cardigan General Insurance Services, LLC, a wholly-owned subsidiary of Venbrook Group, LLC. The NEMT program will be written on Everspan's highly-rated paper.
Ambac Financial Group, Inc. is a financial services holding company. It operates three principal businesses: Legacy Financial Guarantee (LFG) Insurance, Specialty Property and Casualty Insurance, and Insurance Distribution. The LFG Insurance includes the activities of Ambac Assurance Corporation (AAC) and its wholly owned subsidiaries, including Ambac Assurance UK Limited (Ambac UK) and Ambac Financial Services LLC (AFS). The Specialty Property and Casualty Insurance includes five admitted carriers and an excess and surplus lines (E&S or no admitted) insurer, Everspan Indemnity Insurance Company (all carriers collectively, Everspan). The Insurance Distribution includes the specialty property and casualty (P&C) insurance distribution business, which includes managing general agents and underwriters (collectively MGA/Us), insurance wholesalers, brokers, and other distribution businesses, which includes Xchange Benefits, LLC, a P&C MGA specializing in accident and health products.