Princeton, NJ (April 28, 2021) - Transverse Insurance Group is pleased to announce that rating agency AM Best has affirmed its Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) for Transverse Specialty Insurance Company and Transverse Insurance Company collectively referred to as Transverse Insurance Group, with the outlook on these ratings remaining stable.
The ratings underscore Transverse Insurance Group’s balance sheet strength and strong position in the hybrid fronting market.
Erik Matson, Co-founder, and Chief Executive Officer commented: “AM Best’s rating affirmation is a continued strong endorsement of our financial strength and positive manifestation of our business model and positioning within the broader specialty insurance market.”
About Transverse Insurance Group (Transverse)
Transverse Insurance Group is a hybrid fronting carrier serving the program, MGA and reinsurance markets with offices in 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. For more information, please visit www.transverseinsurance.com.
For the latest Best’s Credit Rating, access www.ambest.com.