Investment Summary

Virgo Investment Group Exits Transverse Insurance Group

On August 10, 2022, MS&AD invested in insurance company Transverse Insurance Group from Virgo Investment Group

Investment Highlights
  • This is MS&AD’s 2nd transaction in the Insurance sector.
  • This is MS&AD’s 1st transaction in the United States.
  • This is MS&AD’s 1st transaction in New Jersey.

Investment Summary

Date 2022-08-10
Target Transverse Insurance Group
Sector Insurance
Investor(s) MS&AD
Sellers(s) Virgo Investment Group
Deal Type Add-on Acquisition

Target

Transverse Insurance Group

Warren, New Jersey, United States
Transverse Insurance Group serves as a P&C program carrier, partnering with reinsurers and program administrators to provide a broad range of property and casualty products for commercial and personal lines. Transverse Insurance Group was founded in 2018 and is based in Warren, New Jersey.

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Investor(S) 1

Investor

MS&AD

Tokyo, Japan

Category Company
Founded 1918
Sector Insurance
Employees38,247
Revenue 6.35T JPY (2025)
DESCRIPTION

MS&AD Insurance Group Holding engages in the management of non-life and life insurance companies and companies qualified to become subsidiaries under insurance business law. MS&AD was founded in 1918 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 2
Sector: Insurance M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 MS Amlin

London, United Kingdom

MS Amlin plc is an independent global insurer with operations in the Reinsurance. The company specializes in providing insurance cover for a wide range of risks to commercial enterprises and reinsurance protection to other insurers around the world. MS Amlin was formed in 2000 and is based in London.

Buy £3.5B

Seller(S) 1

DESCRIPTION

Virgo Investment Group is an opportunistic alternative investment firm focused on investing in and providing credit to middle-market companies. The Firm was formed in 2009 and is based in Redwood Shores, California.


DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Jersey M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Flow Alkaline Spring Water

Aurora, Ontario, Canada

Flow Alkaline Spring Water is a provider of packaged alkaline spring waters, sold in Tetra-Pak cartons made from renewable-resourced materials that are fully recyclable. Flow Alkaline Spring Water was founded in 2014 and is based in Aurora, Ontario.

Sell -