Everspan Group Announces Retirement of Wyatt Blackburn
November 29 2022 - 8:30AM
Business Wire
Steven K. Dresner to Succeed Blackburn as
President
Everspan Group (“Everspan”), a specialty property and casualty
insurance platform owned by Ambac Financial Group (NYSE: AMBC)
(“Ambac”), today announced that Steven K. Dresner has been
appointed President of Everspan, succeeding Wyatt Blackburn, who
has retired. Blackburn will assume the role of Vice Chairman of
Everspan Holdings and become a member of the Everspan Holdings
Board of Directors.
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Steven K. Dresner (pictured) has been
appointed president of Everspan. Dresner replaces Wyatt Blackburn,
who has retired. (Photo: Business Wire)
Blackburn joined Everspan in July 2020, bringing nearly 40 years
of experience to the role, including 35 as Executive Vice President
and Chief Operating Officer of State National.
“Wyatt successfully led the Everspan organization through its
launch and current growth trajectory, creating a culture of
innovation and collaboration,” Ambac CEO Claude LeBlanc said. “His
decades of expertise in the fronting market proved invaluable in
building Everspan into a well-respected hybrid fronting carrier. We
appreciate Wyatt’s significant contributions to Everspan and are
grateful for his leadership.”
Dresner joined Everspan in July 2020 as Chief Underwriting and
Reinsurance Officer. “We are delighted to have Steve Dresner serve
as President of Everspan Group," LeBlanc said. "In his current role
as Chief Underwriting and Reinsurance Officer, Steve has been
instrumental in establishing the company’s strategic direction and
executing on its commitment to disciplined underwriting. His
in-depth understanding of both the program and reinsurance markets,
combined with his history as an industry leader, make him ideal for
the position."
Blackburn said: “It was my great honor to launch Everspan under
Ambac’s ownership and to work with a talented team of industry
professionals to grow Everspan into a differentiated, hybrid
fronting carrier. As Everspan continues to grow and expand I can
think of no better person to shepherd the company forward than
Steve Dresner, whose skill and expertise in the specialty program
space will be a great asset to Everspan’s future growth.”
Dresner has nearly four decades of experience working in program
business and surplus lines. Prior to joining Everspan, he was
Senior Vice President at Crum & Forster, overseeing business
development and ceded reinsurance. He also spent 10 years with
Endurance Specialty Holdings, where he was Executive Vice President
and Head of Brokerage for Endurance Specialty Underwriters as well
as Senior Vice President and Head of Casualty Treaty for Endurance
Reinsurance Corporation of America. Dresner also was Vice President
and Head of Casualty for The Hartford’s reinsurance unit. He
started his career as a facultative underwriter at Gen Re.
“It is a privilege to lead Everspan into its next chapter,”
Dresner said. “I am grateful to Wyatt for his leadership over the
last two years, and I look forward to continuing the momentum we
have built in the specialty program market. We have a talented team
that is committed to adding value to our MGA and reinsurance
partners—and doing so in a very transparent manner. Our focus is on
sustainable growth and positioning Everspan for long-term
success.”
Everspan launched in February 2021 with two entities—Everspan
Indemnity Insurance Company and Everspan Insurance Company. It has
since expanded through acquisition and now consists of five
admitted carriers and one non-admitted carrier. Everspan and its
subsidiaries all maintain Financial Strength Ratings of A-
(“Excellent”) from AM Best.
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.
About Ambac
Ambac Financial Group, Inc. (“Ambac” or “AFG”) is a financial
services holding company headquartered in New York City. Ambac’s
core business is a growing specialty P&C distribution and
underwriting platform. Ambac also has a legacy financial guaranty
business in run off. Ambac’s common stock trades on the New York
Stock Exchange under the symbol “AMBC”. For more information,
please visit www.ambac.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221129005264/en/
Investors: Charles Sebaski Managing Director, Investor Relations
csebaski@ambac.com Media: Kate Smith Director, Corporate
Communications ksmith@ambac.com
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