What Should I Know About Transverse?

We're excited to announce that Openly will soon begin conducting business with a new fronting partner: Transverse Insurance Company, NAIC number 21075, an AM Best A (Excellent) rated carrier. 

Backed by MS&AD, a global insurer with an A+ (Superior) AM Best rating, Transverse will enable Openly to expand into new states and quickly adapt to evolving market dynamics, setting us up for future success. 

With this new partnership, policies underwritten by Transverse Insurance Company will begin with TCPN.

In which states does Openly write with Transverse Insurance Company?

Wisconsin

On April 1, 2024, new homeowners policies in Wisconsin will be written with Transverse.  Beginning May 6, 2024, existing policies written with Rock Ridge will receive a new policy offering at the policy expiration date with Transverse. The coverage will remain the same.

Current policyholders will be notified twice about the transition to Transverse: first, 60 days before their policy renewal, and again, 30 days before renewal. These notifications will be sent via mail or email based on the policyholder's pre-selected preference and will also provide instructions on the various payment methods available. (To view the letters, right-click and choose Open Image in New Tab.)

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60-Day Letter 30-Day Letter

 

Agencies or agents looking to conduct business with Openly in Wisconsin must be appointed with the Wisconsin Department of Insurance (DOI). Due to this, agency admins cannot add Transverse states as authorized states to their producers' user accounts in the Portal

Openly’s Business Development and Appointment Teams are ready and willing to assist you and your agency in ensuring a smooth onboarding process. For more information, see our article, What's the Onboarding Process for Future Transverse States?

Connecticut
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In the coming months, Openly will launch Transverse in additional states. We will continue to update you with details.

Contact us via our webform or Live Chat for further help or questions.

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