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Stock impact report

Everspan Partners With TheGuarantors to Improve Rental Accessibility and Affordability

Ambac Financial Group, Inc. (AMBC) 
US:NASDAQ Investor Relations: ir.ambac.com/investor-relations
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Everspan Group, Rated A- (Excellent) by AM Best, today announced it has launched a program partnership with TheGuarantors, a fintech company providing innovative insurance products and financial solutions for renters and landlords.Everspan, a specialty program property and casualty insurer, will support TheGuarantors’ flagship Lease Guarantee and Security Deposit Replacement products. Lease Guarantee is a tech-enabled tenant default protection product allowing renters to qualify for the unit they want and Security Deposit Replacement acts as a direct and highly affordable substitute to a cash security deposit. In both cases, renters pay a small upfront or monthly fee and TheGuarantors insures the landlord for lost rent and/or damages.Everspan policies will be offered nationally on an admitted basis through TheGuarantors’ established network of real estate partners.Steve Dresner, Chief Underwriting Officer of Everspan Group, said, “We are proud to partner Show less Read more
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