Ledgebrook transitions casualty and excess products to MS Transverse paper

Ledgebrook , a tech-enabled MGA, has moved its general casualty and supported excess products from Everspan’s AM Best A- rated paper to MS Transverse’s A-rated paper, effective January 1.

The shift, backed by a $150 million reinsurance placement, allows Ledgebrook to broaden its appetite and enhance coverage offerings.

Since its launch just over two years ago, Boston-based Ledgebrook has raised $24 million in Series A funding and $17 million in Series B funding. The company now employs 85 staff members, including 20 in-house programmers, and operates a central post-bind team in Poland. Recent additions to its leadership team include CFO Anthony Segal-Knowles and Head of Strategy Erik Soria.

The transition to MS Transverse supports 17 MGAs and 50 programs.