For Immediate Release
Transverse acquires Arrowood Surplus Lines Insurance Company from Arrowpoint Capital
January 24th, 2020 – Princeton, N.J.-based Transverse Insurance Group LLC has acquired Charlotte, N.C.-based Arrowood Surplus Lines Insurance Co. from Arrowood Indemnity Co.
Arrowood Surplus Lines Insurance Co. provides insurance services. The Company offers claims administration, auditing, investment management, litigation services, and insurance and risk solutions.
Commenting on the acquisition, Erik Matson, Chief Executive Officer (CEO) of Transverse Insurance, said: “The addition of ASLIC to Transverse means we now have the ability to write business for both admitted and non-admitted programs.
“We have put in the hard work to build the ideal solution for sophisticated, innovative MGAs and Program Administrators – as well as a conservative and supportive partner for the global reinsurance market. We will continue to expand the capabilities of Transverse so that we can meet the needs of any program, in any line of business, in any geography.”
Merger & Acquisition Services Inc. served as the sole financial advisor to Transverse Insurance Group LLC.
About Merger & Acquisition Services, Inc.
Merger & Acquisition Services, Inc. is a specialist advisory and financial services Firm to the insurance and reinsurance industry, with offices in New York, Connecticut, Georgia & Cayman Islands. Founded in 1999, the Firm and its affiliates provides investment banking and insurance consulting services globally, including; merger & acquisition advisory capital raising, valuations, program placement/fronting, and reinsurance advisory. Merger & Acquisition Capital Services, LLC., a registered broker-dealer and member FINRA / SIPC, is an affiliate of Merger & Acquisition Services, Inc.
To learn more about Merger & Acquisition Services, visit https://maservices.com.