Reinsurance News

SageSure names Paul VanderMarck as Chief Tech & Innovation Officer

3rd December 2019 - Author: Matt Sheehan

SageSure Insurance Managers, an independent US residential property managing general underwriter, has announced the appointment of Paul VanderMarck as Chief Technology and Innovation Officer.

In this role, VanderMarck will lead the teams responsible for SageSure’s proprietary technology platform.

He will also drive the company’s broader innovation strategy, including developing partnerships with emerging technology providers to continue transforming every aspect of the agent and policyholder experience.

Most recently, VanderMarck served as a managing director at investment bank Financial Technology Partners, where he led the firm’s insurance practice and worked with business in the insurtech space on capital raising and M&A.

He previously spent 25 years as Chief Product Officer and as a member of the leadership team at risk modelling and analytics firm Risk Management Solutions (RMS).

“We are committed to being at the forefront of insurance technology and innovation, and Paul’s unique expertise and thought leadership in the industry will be integral to taking that to the next level,” said Terrence McLean, CEO of SageSure.

“SageSure was founded on technology, and it continues to be a key differentiator for us 10 years after writing our first policy, now with more than 275,000 policyholders and over $450 million in written premium,” he added.

VanderMarck also commented: “SageSure is unlike any other company in the insurance industry. With a multi-carrier portfolio of market-leading insurance products, a commitment to the critical role that agents play in helping homeowners purchase insurance, and an innovative technology platform that was one of the first to enable agents to digitally quote and bind insurance, the company has made a real impact on the availability of quality coverage in coastal and other catastrophe-exposed markets.”

“I’m thrilled to join Terry and the great team at SageSure and to have the opportunity to contribute to the next phase of the company’s growth.”

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