On July 17, 2025, AM Best affirmed the Financial Strength Rating (FSR) of A- ('Excellent') and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'a-' ('Excellent') for Everspan Indemnity Insurance Company and its affiliates, collectively known as Everspan Group. The outlook for these Credit Ratings remains stable.
This affirmation by AM Best underscores the financial stability and strong operating performance of Everspan Group, which is a wholly owned subsidiary of Ambac Financial Group. A strong rating is vital for Everspan to attract and retain program partners and reinsurers in the competitive specialty P&C market.
The stable outlook indicates that AM Best expects Everspan to maintain its current level of financial strength and operating performance in the near future. This provides a positive signal regarding the health and strategic direction of Ambac's core insurance underwriting platform.
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