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Company Details
TRANSVERSE INSURANCE COMPANY License Status :
Active
NAIC Number :
21075
Phone Number:
3052341771
Company Address:
15 Independence Blvd. Suite 430
Warren, NJ 07059
Description:
Property and Casualty
License Number:
B419463
Date Admitted:
2006-06-20
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Property & Casualty | 0.00% | $184,856 | $84,721 | $0 | $10,104 | 11.93 % |
| 2023 | Other Liability - Bodily Injury & Property Damage | 0.00% | $9,243 | $4,236 | $0 | $505 | 11.92 % |
| 2023 | Aircraft | 0.55% | $175,613 | $80,485 | $0 | $9,599 | 11.93 % |
| 2021 | Total Property & Casualty | 0.00% | $0 | $3,188 | $4,551 | $-265 | -8.31 % |
| 2021 | Other Liability - Bodily Injury & Property Damage | 0.00% | $0 | $3,188 | $4,551 | $-265 | -8.31 % |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
This company does not have any complaint information.
Link to Complaint Index PageCompany Changes
Effective Date: 11/18/2019
Comments: Effective 11/18/2019 Financial American Property and Casualty Insurance Company changed its name to Transverse Insurance Company.
Effective Date: 01/03/2023
Comments: Effective 01/03/2023 the above company was acquired by MS & AD Insurance Group Holding, Inc., updating their group code from 4967 – Transverse Ins Grp LLC Grp to 4715 - MS & AD Ins Grp
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.