Managing general agent SageSure will acquire a unit of GeoVera Insurance Holdings focused on earthquake coverage, allowing it to expand into new markets.
Tag: SageSure
SageSure Surpasses $1 Billion of In-force Premium
SageSure, one of the largest independent managing general underwriters focused on providing catastrophe-exposed property insurance, today announced that it recently surpassed $1 billion of in-force premium and has launched a new corporate brand to signal its ambitions for the future.
SageSure and Goosehead Partner to Launch Elevate for Preferred Coastal Property Risks
SageSure and Goosehead today announced the launch of the new reciprocal exchange Elevate to protect homeowners in coastal states.
SageSure Announces Innovative Private Flood Insurance in Texas
SageSure announced the introduction of a new admitted, proprietary residential flood program, initially available in Texas.
SageSure Welcomes John Lummis as EVP of Capital & Risk Management
SageSure, the managing general underwriter committed to protecting catastrophe-exposed property, today announced the appointment of John Lummis as Executive Vice President of Capital and Risk Management. Lummis brings more than 25 years of experience in senior executive, advisory, and investment roles within the property and casualty insurance industry, including his positions as the CFO and… Continue reading SageSure Welcomes John Lummis as EVP of Capital & Risk Management
SageSure and SURE Prevent Coverage Interruption for 14K+ South Carolina Homeowners
SageSure, the insurance first, tech-forward managing general underwriter for coastal property, announced today the completed transfer of more than 14,000 South Carolina homeowners insurance policies from FedNat Insurance Company to its carrier partner SURE. The member-owned property insurance company SURE entered the South Carolina homeowners insurance market in June 2022, and will assume these policies.… Continue reading SageSure and SURE Prevent Coverage Interruption for 14K+ South Carolina Homeowners
SURE and SageSure Launch First Commercial Product for Texas Business Owners
SureChoice Underwriters Reciprocal Exchange (SURE), the member-owned insurance company for reliable coastal property protection whose policies are exclusively available through SageSure, has just launched its first commercial insurance product for small- and medium-sized businesses in Texas. SURE’s business owners policy (BOP) combines both property and general liability coverage in one convenient, affordable package, addressing the… Continue reading SURE and SageSure Launch First Commercial Product for Texas Business Owners
SageSure and SURE Close Debut $150 Million Multi-Year Catastrophe Bond
SageSure and SureChoice Underwriters Reciprocal Exchange (“SURE”) today announced that SURE, a coastal property reciprocal insurer whose policies are exclusively available through SageSure, has successfully closed a $150 million private placement catastrophe bond transaction. SURE entered into a three-year reinsurance arrangement with Gateway Re Ltd., a newly established Bermuda special purpose insurer, which will provide… Continue reading SageSure and SURE Close Debut $150 Million Multi-Year Catastrophe Bond
SageSure Selects One Inc’s ClaimsPay® for Outbound Digital Claim Payments
SageSure, technology-driven managing general underwriter specializing in catastrophe-challenged property markets, has selected One Inc’s ClaimsPay platform for its digital claims payment functionality. Already using One Inc for inbound payments, the adoption of this system for outbound claims payments consolidates all of SageSure’s payment activities onto one platform. By utilizing One Inc for both inbound and… Continue reading SageSure Selects One Inc’s ClaimsPay® for Outbound Digital Claim Payments
SageSure Secures $375 Million Senior Credit Facility
SageSure, a leading managing general underwriter and insurance technology innovator, has secured a $375 million senior credit facility from funds managed by the U.S. Direct Lending and Alternative Credit strategies of Ares Management Corporation. Proceeds of the transaction will be used to refinance SageSure’s existing bank facility and to support strategic growth initiatives. “SageSure continues… Continue reading SageSure Secures $375 Million Senior Credit Facility