Quantisnow Logo
Dashboard

Everspan Names Darwin Lucas Chief Underwriting and Reinsurance Officer

$AMBC
Property-Casualty Insurers
Finance
Get the next $AMBC alert in real time by email

Everspan Group ("Everspan"), a specialty property and casualty insurance platform rated A- (Excellent) by AM Best, today announced the appointment of Darwin Lucas as Chief Underwriting and Reinsurance Officer. He will report directly to Steve Dresner, President of Everspan, and will oversee the company's program business and reinsurance relationships.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230105005301/en/

Darwin Lucas (pictured) has been named Chief Underwriting and Reinsurance Officer for Everspan Group. (Photo: Business Wire)

Darwin Lucas (pictured) has been named Chief Underwriting and Reinsurance Officer for Everspan Group. (Photo: Business Wire)

"We are thrilled to welcome Darwin to the Everspan team," Dresner said. "His technical expertise, commitment to disciplined underwriting, leadership experience, and deep industry relationships are essential strengths that will benefit us as we continue to build Everspan into a leading program insurer."

Lucas, who is based in Atlanta, has more than 24 years of experience in program insurance. Most recently, he was U.S. Head of Casualty & Professional Hybrid Solutions at Everest Reinsurance Company, where he was responsible for managing the Facultative Reinsurance division's program portfolio and developing broader relationships with reinsurance trading partners. Prior to that, he was Senior Vice President of Casualty Programs for Maxum Specialty Insurance Group. He also was president of two different national wholesale brokerage firms, Regional Excess Underwriters (a WRBC company) and Insential Insurance Co., which offered programs, contract binding and brokerage services.

About Everspan Group

Everspan Group is a specialty property and casualty insurance platform that operates nationwide on an admitted and non-admitted basis. The companies which comprise the Everspan Group are wholly owned subsidiaries of Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company. For more information, please refer to www.everspangroup.com.

Get the next $AMBC alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$AMBC

DatePrice TargetRatingAnalyst
9/18/2024$13.00 → $15.00Neutral → Buy
ROTH MKM
8/9/2023$18.00Neutral → Buy
Compass Point
11/28/2022$18.00Neutral
Compass Point
More analyst ratings

$AMBC
 Press Releases

Fastest customizable press release news feed in the world

See more

  • Ambac Financial Group, Inc. Provides Update on the Sale of Its Legacy Financial Guarantee Business

    Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC) reports that it has met all of its necessary pre-closing conditions under the purchase agreement for the sale of Ambac Assurance Corporation ("AAC") and Ambac UK ("AUK") to funds managed by Oaktree Capital Management, L.P. ("Oaktree"). Oaktree continues to pursue the final outstanding regulatory approval, which is expected to be received in the second quarter. As a result, consistent with the terms of the purchase agreement, the term of the purchase agreement has been automatically extended from April 4, 2025, to July 3, 2025. "The regulatory review process between Oaktree and the regulator continues to progress," Ambac President and Chief

    $AMBC
    Property-Casualty Insurers
    Finance

  • Ambac Announces Meeting and Record Date for 2025 Annual Meeting of Stockholders

    Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that Ambac's 2025 Annual Meeting of Stockholders will be held on Wednesday, May 28, 2025 at 11 a.m. (ET). The meeting will be held in a virtual format. The record date for determining stockholders entitled to notice of, and to vote at, the annual meeting will be the close of business on April 3, 2025. Further information regarding the Annual Meeting will be set forth in the proxy statement and other proxy materials for the Annual Meeting. About Ambac Ambac Financial Group, Inc. ("Ambac" or "AFG") is an insurance holding company headquartered in New York City. Ambac's core business is a growing specialt

    $AMBC
    Property-Casualty Insurers
    Finance

  • DoorDash, TKO Group Holdings, Williams-Sonoma and Expand Energy Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600

    NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P

    $ALK
    $AMBC
    $ATI
    $BBWI
    Air Freight/Delivery Services
    Consumer Discretionary
    Property-Casualty Insurers
    Finance

$AMBC
 Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$AMBC
 Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$AMBC
 Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$AMBC
 SEC Filings

See more

$AMBC
 Leadership Updates

Live Leadership Updates

See more

  • DoorDash, TKO Group Holdings, Williams-Sonoma and Expand Energy Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600

    NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P

    $ALK
    $AMBC
    $ATI
    $BBWI
    Air Freight/Delivery Services
    Consumer Discretionary
    Property-Casualty Insurers
    Finance

  • Ambac Appoints Kristi A. Matus and Michael D. Price to Its Board of Directors

    Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), a financial services holding company, announced the appointment of Kristi A. Matus and Michael D. Price as members of its Board of Directors, effective today. Ms. Matus will be a member of the Board's Audit and Compensation committees, while Mr. Price will be a member of the Audit and Strategy committees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230622048794/en/Kristi A. Matus has joined the Board of Directors of Ambac Financial Group (Photo: Business Wire) "We are pleased to welcome Kristi Matus and Michael Price to Ambac's Board of Directors," said Jeffrey S. Stein, Chair

    $AMBC
    Property-Casualty Insurers
    Finance

  • Ambac Names Naveen Anand President of Cirrata Group

    Newly created position established to expand Ambac's insurance distribution division Ambac Financial Group (NYSE:AMBC) ("Ambac"), a financial services holding company, today announced the appointment of Naveen Anand as President of Cirrata Group, Ambac's insurance distribution division. Anand, the former Group President of Players Health, will be responsible for expanding Cirrata Group and building its profile in the specialty property and casualty insurance market. This is a newly created position reporting to Claude LeBlanc, President and CEO of Ambac. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230509005342/en/Ambac has

    $AMBC
    Property-Casualty Insurers
    Finance

$AMBC
 Financials

Live finance-specific insights

See more

  • Ambac Reports Fourth Quarter and Full Year 2024 Results

    Total revenue from continuing operations increased 89% for the year to $236 million Total Specialty P&C Insurance premium increased 74% for the year to $876 million Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Fourth Quarter 2024. Fourth Quarter 2024 and Full Year Highlights Strategic Business Transition: Ambac advanced its strategic transformation by entering the final stages of the sale of its Legacy Financial Guarantee business, a pivotal move positioning the company for long-term growth. This resulted in a loss on disposal of $(570) million in the quarter, resulting from our adoption of the

    $AMBC
    Property-Casualty Insurers
    Finance

  • Ambac to Release Fourth Quarter 2024 Results on February 26, 2025

    Conference Call Scheduled for February 27, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, will release fourth quarter 2024 results on February 26, 2025, following the close of the market. Conference Call On February 27, 2025, at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss fourth quarter 2024 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493-6779 (

    $AMBC
    Property-Casualty Insurers
    Finance

  • Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase Program

    Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net loss of $(28) million or $(0.63) per diluted share and Adjusted net loss of $(19) million or $(0.46) per diluted share driven by approximately $20 million of transaction costs and acquisition related short-term interest expense Total P&C Premium Production of $260 million, increased 86% from the third quarter of 2023 Insurance Distribution ("Cirrata") generated total revenue of $24 million up 64.0% over last year Specialty P&C Insurance ("Everspan") combined ratio improved by 600

    $AMBC
    Property-Casualty Insurers
    Finance

$AMBC
 Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more