{"id":786845,"date":"2023-09-28T14:09:00","date_gmt":"2023-09-28T18:09:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/"},"modified":"2023-09-28T14:09:00","modified_gmt":"2023-09-28T18:09:00","slug":"millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/","title":{"rendered":"Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse<\/b><\/p>\n<p>TAMPA, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMillennial Specialty Insurance, LLC (&#8220;MSI&#8221;), an indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP), and MS Transverse Insurance Group (\u201cMS Transverse\u201d) has launched a new homeowners program catering to High-Net-Worth (\u201cHNW\u201d) customers via a strategic collaboration with MS Transverse Insurance Group (\u201cMS Transverse\u201d).<\/p>\n<p>\nStarting this month, consumers will have the opportunity to acquire customized home insurance policies that offer unique features often missing in conventional mass-market policies. These enhancements include:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nFlexibility to insure homes with a replacement value of up to $10 million<\/p>\n<\/li>\n<li>\nChoice of deductibles ranging from $10,000 up to $1 million<\/p>\n<\/li>\n<li>\nExclusive claims services staffed by experts well-versed in custom home construction<\/p>\n<\/li>\n<li>\nNationwide coverage, including the ability to underwrite properties in catastrophe-exposed locations<\/p>\n<\/li>\n<\/ul>\n<p>\n&#8220;With the High-Net-Worth insurance landscape undergoing unprecedented changes and challenges, Millennial Specialty Insurance (MSI), a leader in personal lines products, saw an opportunity to develop an innovative solution for our valued clients and agency partners,&#8221; stated Naimish Patel, President of the Home Insurance Group at MSI. He further emphasized the suitability of the collaboration with MS Transverse due to its robust financial standing and highest quality reinsurance support.<\/p>\n<p>\nGiven the challenging dynamics of the current property market, this collaboration stands as a testament to the commitment and adaptability of both MSI and MS Transverse.<\/p>\n<p>\nEthan Allen, Chief Risk Officer at MS Transverse, echoed this sentiment, saying, &#8220;MS Transverse is dedicated to addressing the unique requirements of sophisticated Managing General Agencies (MGAs) and reinsurance partners. Our operational expertise ensures the sustainability of High-Net-Worth offerings over the long term and MSI embodies the right mix of technology and talent to execute our ambitious plan.&#8221;<\/p>\n<p><strong>About Millennial Specialty Insurance, LLC<\/strong><\/p>\n<p>\nMillennial Specialty Insurance, LLC is one of the largest non carrier-affiliated Managing General Agencies (MGAs) in the United States. Combining expert underwriting with industry-leading technology, MSI creates a superior insurance experience for carriers, distribution partners, and customers. MSI collaborates with insurance carriers to design and distribute products through agents, brokers, and technology partners. Founded in 2015, MSI has grown to offer a wide range of insurance products across commercial, specialty and personal lines. In 2019, MSI joined BRP Group, Inc. as an indirect subsidiary of BRP Group, Inc. (\u201cBRP Group\u201d) (NASDAQ: BRP).<\/p>\n<p><b>About MS Transverse Insurance Group (MS Transverse)<\/b><\/p>\n<p>\nMS Transverse is a subsidiary of MSIG North America and part of MS&amp;AD Insurance Group Holdings, one of the 10 largest P&amp;C insurance companies in the world. MS Transverse is dedicated to the global program market and partners with MGAs, program administrators, and general agents to offer a full suite of insurance services. MS Transverse is a global facilitator connecting and enabling partners through access to risk capacity and alternative capital on admitted and surplus lines paper. <b>For more information, please visit <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.mstransverse.com&amp;esheet=53565240&amp;newsitemid=20230928431896&amp;lan=en-US&amp;anchor=www.mstransverse.com&amp;index=1&amp;md5=e114cc9d87bed6bc3ba84f3e7b9cf18f\"><b>www.mstransverse.com<\/b><\/a><b>.<\/b><\/p>\n<p><b>ABOUT BRP GROUP<\/b><\/p>\n<p>\nBRP Group, Inc. (NASDAQ: BRP) is an independent insurance distribution firm delivering tailored insurance and risk management insights and solutions that give our Clients the peace of mind to pursue their purpose, passion and dreams. We are innovating the industry by taking a holistic and tailored approach to risk management, insurance, and employee benefits, and support our Clients, Colleagues, Insurance Company Partners and communities through the deployment of vanguard resources and capital to drive our growth. BRP Group represents over 1.3 million clients across the United States and internationally. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.baldwinriskpartners.com&amp;esheet=53565240&amp;newsitemid=20230928431896&amp;lan=en-US&amp;anchor=www.baldwinriskpartners.com&amp;index=2&amp;md5=dc1c6ac541bf59014cb810fff71a0ec3\">www.baldwinriskpartners.com<\/a>.<\/p>\n<p><b>NOTE REGARDING FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p>\nThis press release may contain various \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group\u2019s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or BRP Group\u2019s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as \u201cmay\u201d, \u201cmight\u201d, \u201cwill\u201d, \u201cshould\u201d, \u201cexpects\u201d, \u201cplans\u201d, \u201canticipates\u201d, \u201cbelieves\u201d, \u201cestimates\u201d, \u201cpredicts\u201d, \u201cprojects\u201d, \u201cpotential\u201d, \u201coutlook\u201d or \u201ccontinue\u201d, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management\u2019s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.<\/p>\n<p>\nFactors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption \u201cRisk Factors\u201d in BRP Group\u2019s Annual Report on Form 10-K for the year ended December 31, 2022 and in BRP Group\u2019s other filings with the SEC, which are available free of charge on the SEC\u2019s website at: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.globenewswire.com%2FTracker%3Fdata%3Dsjd9x5XDjhW4ffu94Alu85_3EFnIxeYZ8KL4e999gb05EHjrWWGYC8JUjCYk-2eae2aYM6kxsMIrAjGOUha0LbrrcE4qMsarGafnLw7ztU3zeADe05OkWex5JETyfPBBtyS-5xr-BGbrWKZt83ZL4w%3D%3D&amp;esheet=53565240&amp;newsitemid=20230928431896&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=3&amp;md5=98763891ad2138b679147447b60a13ee\">www.sec.gov<\/a>, including those risks and other factors relevant to the business, financial condition and results of operations of BRP Group. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to BRP Group or to persons acting on behalf of BRP Group are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and BRP Group does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230928431896r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230928431896\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230928431896\/en\/<\/a><\/span><\/p>\n<p><b>PRESS<br \/>\n<\/b><br \/>Anna Rozenich, Senior Director, Enterprise Communications<br \/>\n<br \/>Baldwin Risk Partners<br \/>\n<br \/>630.561.5907 | <a rel=\"nofollow\" href=\"mailto:anna.rozenich@baldwinriskpartners.com\">anna.rozenich@baldwinriskpartners.com<br \/>\n<\/a><\/p>\n<p>MS Transverse Media Contact:<br \/>\n<br \/>Alexandra Akins<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:AAkins@MSTransverse.com\">AAkins@MSTransverse.com<br \/>\n<\/a><\/p>\n<p><b>BRP INVESTOR RELATIONS<br \/>\n<\/b><br \/>Bonnie Bishop, Executive Director, Investor Relations<br \/>\n<br \/>Baldwin Risk Partners<br \/>\n<br \/>813.259.8032 | <a rel=\"nofollow\" href=\"mailto:IR@baldwinriskpartners.com\">IR@baldwinriskpartners.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Florida<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse TAMPA, Fla.&#8211;(BUSINESS WIRE)&#8211; Millennial Specialty Insurance, LLC (&#8220;MSI&#8221;), an indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP), and MS Transverse Insurance Group (\u201cMS Transverse\u201d) has launched a new homeowners program catering to High-Net-Worth (\u201cHNW\u201d) customers via a strategic collaboration with MS Transverse Insurance Group (\u201cMS Transverse\u201d). Starting this month, consumers will have the opportunity to acquire customized home insurance policies that offer unique features often missing in conventional mass-market policies. These enhancements include: Flexibility to insure homes with a replacement value of up to $10 million Choice of deductibles ranging from $10,000 up to $1 million Exclusive claims services staffed by experts well-versed in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-786845","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse TAMPA, Fla.&#8211;(BUSINESS WIRE)&#8211; Millennial Specialty Insurance, LLC (&#8220;MSI&#8221;), an indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP), and MS Transverse Insurance Group (\u201cMS Transverse\u201d) has launched a new homeowners program catering to High-Net-Worth (\u201cHNW\u201d) customers via a strategic collaboration with MS Transverse Insurance Group (\u201cMS Transverse\u201d). Starting this month, consumers will have the opportunity to acquire customized home insurance policies that offer unique features often missing in conventional mass-market policies. These enhancements include: Flexibility to insure homes with a replacement value of up to $10 million Choice of deductibles ranging from $10,000 up to $1 million Exclusive claims services staffed by experts well-versed in &hellip; Continue reading &quot;Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-28T18:09:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230928431896r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse\",\"datePublished\":\"2023-09-28T18:09:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\\\/\"},\"wordCount\":989,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230928431896r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\\\/\",\"name\":\"Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse - 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(NASDAQ: BRP), and MS Transverse Insurance Group (\u201cMS Transverse\u201d) has launched a new homeowners program catering to High-Net-Worth (\u201cHNW\u201d) customers via a strategic collaboration with MS Transverse Insurance Group (\u201cMS Transverse\u201d). Starting this month, consumers will have the opportunity to acquire customized home insurance policies that offer unique features often missing in conventional mass-market policies. These enhancements include: Flexibility to insure homes with a replacement value of up to $10 million Choice of deductibles ranging from $10,000 up to $1 million Exclusive claims services staffed by experts well-versed in &hellip; Continue reading \"Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-28T18:09:00+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230928431896r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse","datePublished":"2023-09-28T18:09:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/"},"wordCount":989,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230928431896r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/millennial-specialty-insurance-llc-launches-new-high-net-worth-homeowners-program-in-collaboration-with-ms-transverse\/","name":"Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse - 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