Transverse and AmRisc Partner on National E&S Program
Princeton, NJ - Transverse Insurance Group is pleased to announce it has partnered with AmRisc LLC, a subsidiary of Truist Insurance Holdings and the largest catastrophe-focused property MGA in the United States. Transverse will participate in AmRisc’s national program of E&S commercial property exposure which in aggregate constitutes over $1 billion of premium.
“Our partnership with AmRisc is a great validation of our business model. We strive to combine the talent and experience of our team with the flexibility of our hybrid fronting structure. We take great pride in managing the needs of sophisticated MGA and reinsurance players” said Ethan Allen, Chief Underwriting Officer at Transverse.
“We are excited about this innovative partnership with the Transverse team. Our active participation in the Transverse reinsurance program design expands the capacity and stability we can offer all our customers in this dynamic market.“ said John Horton, Chief Market Officer at AmRisc.
Transverse Insurance Group is a hybrid fronting carrier serving the program, MGA and reinsurance markets with offices in New York, New Jersey and Texas. Transverse is backed by Virgo Investment Group and partner investors. Founded in 2018 by Erik Matson, CEO, and Dave Paulsson, President and CIO, Transverse is a global facilitator connecting and enabling partners through access to risk capacity and alternative capital on admitted and surplus lines paper. Solutions-oriented carrier providing multiple lines of business with risk management, underwriting, claims, reinsurance and compliance to fit the objectives of their partners. For more information, please visit www.transverseinsurance.com
About AmRisc LLC
AmRisc LLC is a market leader in underwriting catastrophe and special property insurance. With $1.5 billion in annual written premium, AmRisc partners with the world's leading insurance carriers to provide unmatched capacity to meet the complete specialty coverage needs of our customers. Established in 2000, AmRisc Group is a subsidiary of Truist Insurance Holdings, Inc., the sixth largest insurance broker in the U.S. Learn more at www.amrisc.com.