SageSure, a technology-driven managing general underwriter specializing in coastal residential property markets, has secured $125 million in bank financing. The syndicated facility is led by Citizens and includes Joint Lead Arrangers ING Group, BMO Harris and East West Bank. The funding will enable SageSure to continue growth across its existing 14 state footprint. The company,… Continue reading SageSure Secures $125 Million Senior Credit Facility
Tag: SageSure
SageSure Completes First U.S. Deployment of LeakBot Water Loss Mitigation Program
SageSure, a technology-driven managing general underwriter specializing in catastrophe-challenged property markets, today announced that it has completed the first deployment in the U.S. of a new technology designed to help policyholders avoid water-related damages and reduce the likelihood of water-related claims. In partnership with LeakBot, a U.K. insurance technology company, SageSure has distributed specialized leak… Continue reading SageSure Completes First U.S. Deployment of LeakBot Water Loss Mitigation Program
SageSure Appoints New Chief Claims Officer
SageSure, a technology-driven managing general underwriter specializing in catastrophe-prone property markets, today announced the hiring of Catherine Reese as Chief Claims Officer. Reese will focus on building out SageSure’s claims function, which will manage the end-to-end claims lifecycle for some of its carrier partners (including recently announced SURE), while collaborating with other carrier partners to… Continue reading SageSure Appoints New Chief Claims Officer
Opterrix Partners with SageSure to Enhance Claims Handling in Catastrophe-Prone Property Markets
Opterrix™, a leader in proactive risk management for the property and casualty insurance industry, today announced that SageSure, a technology-driven managing general underwriter specializing in catastrophe-challenged property markets, has licensed Opterrix software and weather modeling to enhance its claims management capabilities related to extreme weather. “Opterrix has built some of the most sophisticated weather modeling… Continue reading Opterrix Partners with SageSure to Enhance Claims Handling in Catastrophe-Prone Property Markets
SageSure Partnership with SURE Expands Coverage Options for Coastal Property in Texas
SageSure, an industry-leading managing general underwriter and innovative insurtech specializing in catastrophe-prone property markets, and SureChoice Underwriters Reciprocal Exchange (SURE), today announced a new partnership that will soon add highly rated capacity for homeowners in Texas. “We’re proud to add SURE to our portfolio of highly rated carriers as we continue to fulfill our promise… Continue reading SageSure Partnership with SURE Expands Coverage Options for Coastal Property in Texas
SageSure Launches New Line of Small Commercial Insurance Products for Coastal Businesses
SageSure, America’s leading homeowners insurtech measured by premium and profitability, is pleased to announce the immediate availability of a new line of commercial insurance products in underserved coastal markets. Launching in South Carolina followed by Florida, SageSure’s commercial product line, including businessowners policies (BOP), provides coverage for over 300 classes of businesses in six industry… Continue reading SageSure Launches New Line of Small Commercial Insurance Products for Coastal Businesses