Overview
MS Transverse Insurance Group is a hybrid-fronting carrier serving the program, MGA, and reinsurance markets. Founded in 2018 by Erik Matson and Dave Paulsson, the company was acquired by Mitsui Sumitomo Insurance (MSIG), a member of MS&AD Insurance Group Holdings, in 2022. MS Transverse operates as a P&C program carrier offering both admitted and non-admitted insurance solutions to program administrators and managing general agents.
The acquisition valued the company at between USD 400 million and USD 550 million, reflecting its established position in the specialty program market.