Transition at MS Transverse: CEO becomes vice chairman as new CEO steps in

MS Transverse Insurance Group, a unique "hybrid fronting" carrier located in North America and a subsidiary of MSIG Holdings (USA), Inc. (MSIGH), has recently undergone significant leadership changes. Erik Matson, one of the co-founders and CEO, is transitioning to the role of vice chairman.

In his place, David Paulsson, co-founder and current president, will step up as the new CEO. Additionally, John Fitzgerald, the CFO, will be promoted to president. Under Matson's guidance, MS Transverse (previously known as Transverse Insurance Group) revolutionized the hybrid fronting model within the program carrier sector, resulting in a market growth of over $14 billion annually in premium in the US.

After being acquired by MSIGH in 2023, MS Transverse has established partnerships with more than 100 reinsurers and numerous major program managers and managing general agents. Paulsson expressed appreciation for Matson's contributions, highlighting his legacy and vision. Looking ahead, Paulsson is confident in the company's performance, emphasizing the strong underwriting results achieved in 2023.

Matson, reflecting on his time with the company, expressed confidence in the team he helped build and his excitement for their future success. While he prepares for his new role, he remains a dedicated supporter of MS Transverse and MSIG. Operating as a facilitator in the program, managing general agent, and reinsurance markets, MS Transverse provides access to risk capacity and alternative capital on admitted and surplus lines paper.

Founded in 2018 by Matson and Paulsson, the company has offices in New York, New Jersey, and Texas, playing a vital role within the MS&AD Insurance Group Holdings network.