FOR IMMEDIATE RELEASE
GLENDALE, CA – March 7, 2025 – CIBA, a leading commercial real estate program, is driving its Property Tower program forward with a powerful new partnership as their program renewal approaches. CIBA is excited to officially introduce MS Transverse Specialty Insurance Company as its lead carrier for the 2025 CIBA Program Year. MS Transverse brings with them their A (Excellent) rating from A.M. Best (May 2024) and shares CIBA's strategic vision for continued growth and excellence.
“Partnering with MS Transverse is a step forward in our ongoing commitment to strengthening our Property Tower program,” says Robert Rheel, CEO at CIBA. “Their financial backing and mutual focus on growth create a strong foundation for a successful partnership. This is beginning of long strategic relationship to develop enhance product solutions for our Brokers and their customers”.
“We are proud to join forces with CIBA and support their Property Tower program,” Dennis Sparks, EVP, Chief Underwriting Officer at MS Transverse Specialty Insurance Company. “This partnership reflects our confidence in CIBA's established presence in the commercial real estate market and in our commitment to providing a foundation of strength in the insurance market.”
This strategic move underscores CIBA's unwavering dedication to providing an industry-leading program, founded through the support of strong and stable carriers. As CIBA continues to expand their program and deepen their relationships with key markets, they remain focused on delivering the reliable solutions their clients have come to expect.
CIBA extends its sincere appreciation to their clients, brokers, and market partners for their continued support and trust over our 32 years as a program. CIBA is committed to ensuring a seamless transition as they welcome MS Transverse onboard.
For more information, please contact Lisa Qiang at lqiang@cibaservices.com or visit www.cibaservices.com
About CIBA Insurance Services: Founded in 1993, CIBA is a stable and reliable provider of specialized property insurance programs. With over three decades of experience, we leverage industry expertise and data-driven insights to deliver exceptional service, proactive risk management, and industry-leading claims support, while fostering strong broker partnerships.
About MS Transverse:
MS Transverse is a subsidiary of MSIG North America and part of MS&AD Insurance Group Holdings, one of the 10 largest P&C insurance companies in the world.
Launched in 2018, MS Transverse 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. We do this on an admitted and non-admitted basis.
MS Transverse adds unique value through its ability to retain risk and being an active partner in all functional areas of the program cycle.
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