Octave Specialty Unit Everspan to Sell Admitted Shell Company to Falvey Insurance
MT newswire2026/10/23 12:57Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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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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