Paulsson named MS Transverse new CEO as Matson retires

MS Transverse, a hybrid fronting carrier in North America and a subsidiary of MSIGH, has appointed David Paulsson as CEO, taking over the position from Erik Matson, co-founder and CEO, as he will voluntarily step down from his active role at the company and transition to Vice Chairman.

At the same time, MS Transverse announced the promotion of Chief Financial Officer John Fitzgerald to President.

Matson led MS Transverse (formerly Transverse Insurance Group) to become a pioneer in the “hybrid fronting” program carrier model, where the market size has grown to over $14bn in annual premium in the United States alone.

The firm achieved remarkable growth and cemented its status as the premiere carrier in the market with its sale to MSIGH in 2023.

Looking to the future, MS Transverse aims to sustain its status in the years to come, this alongside its over 100 reinsurers and dozens of the largest and most sophisticated program manager and managing general agent partners who participate in its business.

Paulsson stated: “Transverse will always be part of Erik’s legacy and a testament to his vision and leadership. His continued counsel will be an asset to the company as Vice Chairman. We ended 2023 in the enviable position of significant increases in top and bottom-line performance while delivering sector leading underwriting results.

“We look forward to building on our momentum and market position in the hybrid fronting space with the support of our MGA and reinsurance partners, as well as the formidable capabilities of MSIG.”

Matson said: “Now is the right time for me to pass the torch to Dave and the amazing team we have built these past 6 years. I look forward to continuing to support MS Transverse in my new role. I have not decided what I will be doing next, but I will cheer on MSIG and MS Transverse as they are on the path to another great year!”

The post Paulsson named MS Transverse new CEO as Matson retires appeared first on ReinsuranceNe.ws.

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