SageSure Insurance Managers, an independent US residential property managing general underwriter, has announced the appointment of John Lummis as Executive Vice President of Capital & Risk Management.
Lummis will focus on enhancing SageSure’s insurance risk management capabilities across carrier portfolios and optimizing capital structure and efficiency. He will also lead further investment in proprietary exposure management technology and risk analytics capabilities.
He brings more than two-and-a-half decades of experience in senior executive, advisory, and investment roles within the property and casualty insurance industry, having held positions as the CFO and COO of RenaissanceRe and CEO of AQR Capital Management. He joins SageSure after serving on its advisory board.
Terry McLean, co-founder and CEO of SageSure commented on the appointment, stating, “John is a proven leader with a track record of developing insurance risk management strategies that yield market-leading returns.”
“Strong catastrophe risk management has been central to our long-term mission of protecting property in areas exposed to extreme events. John’s role represents our significant investment in this area and our commitment to continue our progress in a challenging space.”
Lummis reflected on his new role, saying, “SageSure has built a world-class organization that is leading the industry in underwriting outperformance.”
“I’ve known Terry for many years, most recently in my role as an advisor to SageSure, and I greatly admire the business that he and his team have built. I look forward to working with the team to enhance an already strong platform and to continue growing SageSure’s risk analytics.”
Among Lummis’ many achievements, he was recognized by Institutional Investor as a leading CFO in the insurance sector during his tenure at RenaissanceRe. He is also currently an advisor to Nyca, a fintech venture capital firm, and Pelican Ventures Group, an insurance-focused investment firm. Additionally, he serves on the board of Wyoming’s $10 billion public pension fund.
