SageSure closed the acquisition of GeoVera Advantage Insurance Services LLC in Fairfield, California.
The entity will now function as a newly formed managing general agent and includes the residential earthquake risk underwriting franchise. As part of the transaction, SageSure has invested in GeoVera Nova Holdings Inc., which has acquired GeoVera Insurance Holdings Ltd.’s insurance carrier businesses.
SageSure is a managing general agent specializing in catastrophe-exposed residential and commercial property insurance.
GeoVera Nova Holdings oversees the strategic growth and management of four property insurance operating subsidiaries: GeoVera Insurance Co., GeoVera Specialty Insurance Co., Coastal Select Insurance Co. and SafePort Insurance Co.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law 
AIG Underwriting Income More Than Triples in Q1 
Grant Thornton: Insurers See AI Gains but Face Governance Gap 
Another Appeals Court Balks at Class Action Over Auto Insurers’ ACV Methods 
