Octave Specialty Group to Sell Providence Washington Insurance Company
Everspan signed a deal to sell Providence Washington Insurance Company to Falvey Insurance Group. OSG expects the sale to increase tangible book value by about $11 million; closing is subject to customary conditions and regulatory approvals.
Octave Specialty Group’s Everspan agreed to sell Providence Washington Insurance Company to Falvey Insurance Group. The transaction is expected to increase tangible book value by about $11M. The sale is subject to customary closing conditions and regulatory approvals.