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 …
SureChoice Underwriters Reciprocal Exchange in partnership with SageSure launched a non-admitted business owners policy in California. The program will service more than 400 business classes across eight industries, including restaurants, offices, wholesale, habitational, lessor risks, retail, service, and artisan contractors. …
Managing general underwriter SageSure announced it is collaborating with Markel to introduce new capacity to its expanded markets program, broadening underwriting eligibility in coastal states. SageSure Expanded Markets will distribute Markel’s insurance products first in Louisiana, South Carolina, and Texas, …
SageSure, a managing general underwriter focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, announced the close of the Gateway Re 2024-2 second and subsequent event catastrophe bond at $130 million, with pricing 75 basis …
SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar with the matter told Reuters. A unicorn is a startup that is valued at or above $1 billion. SageSure’s latest …
SageSure announced the introduction of a new admitted, proprietary residential flood program initially available in Texas. SageSure will distribute flood insurance through its network of contracted producers while also handling all servicing and claims. The company said the program will …
SURE, the member-owned insurance company for reliable coastal property protection, today announced its expansion into commercial insurance in Louisiana. Small and mid-sized Louisiana business owners can now bundle general liability and commercial property coverage with SURE’s business owners policy (BOP), …
The member-owned property insurer known as SURE has assumed some 14,000 South Carolina homeowners policies from FedNat Insurance, which left the state as part of a financial restructuring plan this year. “We responded to FedNat’s downgrade by expediting the transfer …
SureChoice Underwriters Reciprocal Exchange launched its first commercial insurance product for small- and medium-sized businesses in Texas. SURE’s business owners policy combines both property and general liability coverage in one package addressing the most common risks for businesses. The product …
SageSure and SureChoice Underwriters Reciprocal Exchange (SURE) 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. Houston, Texas-based SURE entered into a three-year …
