Reinsurance News

SageSure surpasses $1 billion in inforce premium and unveils new brand

21st June 2023 - Author: Akankshita Mukhopadhyay

SageSure, a provider of catastrophe-exposed property insurance, has surpassed $1 billion in inforce premium and unveiled a new corporate brand to reflect its future ambitions.

sagesure-logo-newSince its establishment in 2009, SageSure has steadily expanded its operations, now serving 14 states and partnering with 11 highly rated carriers.

With a robust distribution network encompassing large national distributors and a multitude of independent agents, the organisation has established itself as a key player in the insurance industry.

Alongside the accomplishment of surpassing $1 billion in inforce premium during the last quarter, SageSure has also demonstrated its financial strength by raising $840 million in capital since September 2021.

Terrence McLean, co-founder and CEO of SageSure, emphasised the company’s dedication to addressing the most challenging markets.

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“SageSure was built to go where the need is greatest and to pioneer solutions for our partners’ and customers’ most pressing challenges,” said McLean.

“Our rebrand signals that we are taking our pioneering to the next level, with ambitions as lofty as they were on our way to reaching $1 billion in premium. We believe that we’re just getting started.”

Tammy Nelson, Chief Marketing Officer of SageSure, highlighted the evolution and growth of the company over the past decade.

“As we celebrate surpassing $1 billion in premium, we have a clearer picture of who we are and where we’re headed,” said Nelson. “Our new brand positions SageSure for the future.”

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