MS Transverse’s credit ratings upgrade a ‘significant milestone’, says CEO Dave Paulsson

MS Transverse Insurance Group’s recent upgrade of its Financial Strength Rating to A+ (Superior) from A (Excellent) by AM Best marks a significant milestone and underscores the strength of its business model, the quality of its partnerships, and its disciplined approach to risk management, according to CEO Dave Paulsson.

MS Transverse’s rating upgrade is in line with Mitsui Sumitomo Insurance Co.’s (Mitsui Sumitomo) group rating.

The upgrade reflects AM Best’s recognition of MS Transverse’s strategic importance to, and alignment with, Mitsui Sumitomo, as well as the backing and oversight provided by its parent company, MS&AD Insurance Group Holdings, Inc.

Following its acquisition by Mitsui Sumitomo in January 2023, MS Transverse ended 2024 as the largest hybrid fronting insurer in the U.S. by gross written premiums.

Dave Paulsson, CEO of MS Transverse, said, “The upgrade reflects the strategic importance of MS Transverse to the group’s strategy, and we remain committed to delivering long-term value to our MGA partners, reinsurers, and policyholders.”

Hiro Morimoto, Director Senior Executive Officer, Mitsui Sumitomo Insurance Co., Chairman and CEO, MSIG Holdings (U.S.A.) Inc., added, “MS Transverse has become a key part of our global strategy, serving as a dynamic platform for growth in the MGA and fronting insurance market.

“We are thrilled to see MS Transverse’s role within Mitsui Sumitomo recognized through this rating upgrade and look forward to supporting its continued expansion.”

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