Transverse was established in 2018 by Virgo Investment Group and co-founders Erik Matson and Dave Paulsson. Since its inception, the Company has quickly grown to over 50 professionals, claiming a meaningful share of the U.S. fronting market. The combined company will allow Transverse to accelerate its competitive advantage by securing greater access to product lines and new distribution opportunities, serving the evolving and long-term needs of its MGAs and reinsurer partners more effectively.
The transaction was announced on August 10, 2022 and closed on January 3, 2023.
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