JERSEY CITY, NJ—July 11, 2025—SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and its carrier partners Auros Reciprocal Insurance Exchange (“Auros”) and Elevate Reciprocal Exchange (“Elevate”) announced the close of the Gateway Re Series 2025-3 catastrophe bond at $100 million in nearly half the typical placement timeline. With more than $2.1 billion in cumulative notional limit including this issuance, the SageSure-supported Gateway Re series has secured SageSure’s spot as the seventh top catastrophe bond sponsor in the world as of this date in terms of total notional outstanding.

Following Auros’ inaugural catastrophe bond deal in April, the latest issuance achieved strong execution with lowered and narrowed price guidance, indicating investor confidence in the Gateway Re franchise.

“SageSure’s position as one of the leading global catastrophe bond sponsors demonstrates the strategic role of ILS markets in our carrier partners’ reinsurance programs,” said Terrence McLean, President and CEO of SageSure. “We are grateful for the investor support that enables greater protection against peak perils and greater capacity in the catastrophe-exposed states we serve.”

The Gateway Re 2025-3 Class A notes will provide protection across a single hurricane season for cedants Auros and Elevate in Louisiana, Mississippi, South Carolina, and Texas.

“Auros is honored to partner with SageSure to strengthen the protection of our programs and our policyholders,” said Travis Lewis, CEO of Auros Risk Management. “We are grateful for the ILS market’s confidence and look forward to the responsible growth this issuance will support.”

Ed Konar, President of Elevate Risk Management, added, “We are excited by the positive response from the investor community to this catastrophe bond placement. Capital markets continue to enhance the resilience of our reinsurance program.”

As with previous Gateway Re transactions, Swiss Re Capital Markets acted as the sole structuring agent and bookrunner for the transaction.

“We are proud to have partnered with SageSure, Auros, and Elevate in the successful execution of the eleventh Gateway Re catastrophe bond issuance,” said Jean-Louis Monnier, CEO of Swiss Re Capital Markets Corporation. “The overwhelming support from investors for a transaction announced later in the issuance season is a testament to the trust that investors have in SageSure’s differentiated approach to underwriting, claims, and risk management.”

About SageSure
SageSure is one of the largest managing general underwriters focused on catastrophe-exposed property in the US. Dedicated to serving producers and carrier partners, SageSure provides highly differentiated residential and commercial solutions, innovative service and claims management, and market-leading buying experiences. A leader in catastrophe risk underwriting and exposure management, SageSure operates in 16 states, protects more than 850,000 policyholders, and manages more than $2.5 billion of inforce premium. For more information, visit sagesure.com.

About Auros
Auros Reciprocal Insurance Exchange (Auros) creates differentiated experiences and customized solutions for coastal homeowners. Managed by a team of seasoned industry leaders who ensure alignment with policyholder interests, Auros brings competitive pricing, outstanding protection, and catastrophe risk expertise to the markets it serves, including Louisiana, Mississippi, and Texas. Exclusively available through SageSure, Auros is expanding to meet the high demand for its solutions while maintaining the strong financial outlook indicated by its rating of A, Exceptional, by Demotech, Inc. To learn more, visit aurosins.com.

About Elevate
Elevate Reciprocal Exchange (Elevate) delivers industry-leading protection for coastal homeowners, providing customizable coverage, competitive rates, and high-quality service throughout the policy lifecycle. Exclusively distributed through Goosehead in partnership with SageSure, Elevate serves regions where reliable coverage is needed most, including Louisiana, South Carolina, and Texas. Elevate is rated A, Exceptional, by Demotech, Inc., indicating the necessary financial stability to protect its policyholder members. To learn more, visit elevatein.com.

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Media Contact:

Walker Sands
[email protected]

JERSEY CITY, NJ—June 24, 2025—SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced it has partnered with Whisker Labs to help homeowners prevent electrical fires, starting in Louisiana. By providing free Ting sensors and fire prevention services to eligible Louisiana policyholders, SageSure is further expanding its proactive property protection solutions that complement its insurance offerings.

The Ting plug-in sensor and app help detect hazards that lead to electrical fires within a home’s wiring, devices, and utility equipment. If a hazard is identified, the Ting sensor app alerts the homeowner and guides them through the repairs needed to address the issue.

“SageSure is proud to enhance our suite of solutions with an electrical fire prevention program proven to make homes safer and more resilient,” said Paul VanderMarck, Chief Technology and Innovation Officer at SageSure. “Fires are one of the most costly and devastating events a homeowner may face, and approximately 20% of SageSure’s fire claims are the result of electrical hazards. We look forward to partnering with our producers to help our policyholders reduce electrical fire risk and protect their families.”

In addition to fire prevention, Ting also provides real-time alerts for power outages and assistance for frozen pipe prevention as part of its commitment to helping keep families safe and informed.

“We are proud to offer Ting to our clients because it gives homeowners peace of mind and allows us to deliver even greater value,” said Dick Gibbs, VP of Sales at Hartwig Moss Insurance Agency, one of SageSure’s distribution partners. “By helping our clients prevent losses before they happen, we are not only protecting their homes; we are protecting their families and futures. Ting is more than just a safety device—it is a key differentiator that sets SageSure apart in a crowded market. It’s the kind of innovation that makes us proud to represent SageSure.”

“We’re thrilled to partner with SageSure to bring Ting to even more homes,” shared Bob Marshall, Whisker Labs Co-Founder and CEO. “Ting has already been deployed to over 1 million homes and saved over 20,000 policyholders from potentially devastating fires. This partnership not only helps keep families safe but also strengthens the relationship between policyholders, their insurance providers, and insurance representatives by offering a preventative, technology-driven solution.”

Eligible SageSure policyholders will receive a free Ting plug-in sensor, the Ting app, up to three years of free fire prevention service, and a $1,000 credit for labor repair costs of Ting-identified hazards. SageSure plans to expand the program to more states soon. To learn more, visit sagesure.com/ting.

About SageSure
SageSure is one of the largest managing general underwriters focused on catastrophe-exposed property in the US. Dedicated to serving producers and carrier partners, SageSure provides highly differentiated residential and commercial solutions, innovative service and claims management, and market-leading buying experiences. A leader in catastrophe risk underwriting and exposure management, SageSure operates in 16 states, protects more than 815,000 policyholders, and manages more than $2.3 billion of inforce premium. To learn more, visit sagesure.com.

About Whisker Labs 
Whisker Labs develops cutting-edge sensor technology to protect families, homes, and communities by predicting and helping prevent electrical fires while also monitoring the resiliency and safety of the U.S. electrical grid. Through a single DIY sensor plugged into a wall outlet, Ting, Whisker Labs’ flagship solution, enables intelligent detection, localization, and mitigation of hazards before they can start a fire. As one of the fastest growing grid IoT networks, Ting is proven to prevent 80% of electrical fires, reducing home fire losses and saving lives across the U.S. every day. For more information, please visit www.whiskerlabs.com.  

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Media Contact:

Walker Sands
[email protected]

JERSEY CITY, NJ—April 8, 2025—SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange (“Auros”), a policyholder-owned insurer, announced the close of the Gateway Re Series 2025-2 catastrophe bond at $150 million. With the completion of this transaction, the SageSure-supported Gateway Re franchise has secured more than $2 billion in cumulative notional limit, making SageSure one of the top five primary insurance carrier catastrophe bond sponsors in the world as of the date of this release.

The series will provide multi-year named storm reinsurance protection for both Auros, a first-time cedent entering the insurance-linked securities (ILS) market, and Elevate Reciprocal Exchange (“Elevate”). At a 20 percent upsize from its initial $125 million target, the tenth issuance in the Gateway Re series is yet another strong result for the franchise, achieving price execution in the lower half of its initial target.

“SageSure is grateful for the ILS community’s continued confidence in this series that has enabled meaningful protection and growth for our carrier partners,” said Terrence McLean, President and CEO of SageSure. “SageSure’s position as a leading cat bond sponsor emphasizes our commitment to our carrier partners’ stability—a multi-year, diversified reinsurance program ensures both carriers and policyholders are well protected.”

The Gateway Re 2025-2 Class A notes will provide US named storm protection across a three-year term in Louisiana, Mississippi, South Carolina, and Texas, with the ability to add more states at reset.

“Auros is delighted by the strong investor support for our mission to protect coastal property owners,” said Ed Konar, President of Auros Risk Management. “This issuance marks a significant milestone in Auros’ partnership with SageSure, one that will drive our strategic expansion in catastrophe-exposed markets.”

As with previous Gateway Re issuances, Swiss Re Capital Markets acted as the sole structuring agent and bookrunner for the transaction.

“We are proud to collaborate with SageSure and Auros to successfully bring the tenth Gateway Re catastrophe bond issuance to market,” said Jean-Louis Monnier, CEO of Swiss Re Capital Markets Corporation. “The upsized limit and strong execution demonstrate investor confidence in SageSure’s effective exposure management, regulatory and capital optimization through carrier management, and the performance of the Gateway Re series.”

About SageSure
SageSure is one of the largest managing general underwriters focused on catastrophe-exposed property in the US. Dedicated to serving producers and carrier partners, SageSure provides highly differentiated residential and commercial solutions, innovative service and claims management, and market-leading buying experiences. A leader in catastrophe risk underwriting and exposure management, SageSure operates in 16 states, protects more than 815,000 policyholders, and manages more than $2.3 billion of inforce premium. For more information, visit sagesure.com.

About Auros
Auros Reciprocal Insurance Exchange (Auros) creates exceptional experiences and customized solutions for coastal homeowners. Managed by a team of seasoned industry leaders who ensure alignment with policyholder interests, Auros brings competitive pricing, outstanding protection, and catastrophe risk expertise to the markets it serves, including Louisiana, Mississippi, and Texas. Exclusively available through SageSure, Auros is expanding to meet the high demand for its solutions while maintaining the strong financial outlook indicated by its rating of A, Exceptional, by Demotech, Inc. To learn more, visit aurosins.com.

About Elevate
Elevate Reciprocal Exchange (Elevate) delivers industry-leading protection for coastal homeowners, providing customizable coverage, competitive rates, and unsurpassed service throughout the policy lifecycle. Exclusively distributed through Goosehead in partnership with SageSure, Elevate serves regions where reliable coverage is needed most, including Louisiana, South Carolina, and Texas. Elevate is rated A, Exceptional, by Demotech, Inc., indicating the necessary financial stability to protect its policyholder members. To learn more, visit elevatein.com.

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Media Contact:

Walker Sands
[email protected]

JERSEY CITY, NJ–March 10, 2025—Reuters Events announced that Catherine Reese, Chief Claims Officer of SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, was featured on its second annual Trailblazing Women in Insurance list.

Published on International Women’s Day, the list features the top 20 women who are actively shaping the insurance sector today with their impactful work. Reese was recognized for her leadership in innovating the insurance claims process and developing top talent. Claims teams have a critical impact on the claims experience, especially during disaster response. On-the-ground support paired with empathy and human connection can transform an upending loss into a fast and reassuring recovery. Catherine’s team demonstrated a people-first claims approach during Hurricanes Beryl, Helene, Francine, and Milton in 2024, and during the Southern California wildfires earlier this year.

“I am incredibly honored to be recognized for the work I am so passionate about: helping people and communities recover from major disasters and become more resilient,” said Catherine Reese, Chief Claims Officer of SageSure. “I look forward to continuing to humanize and innovate the insurance claims process at SageSure and throughout the broader industry, leveraging emerging technology to keep the focus where it matters: on policyholders.”

Catherine’s recognition underscores SageSure’s innovative approach to claims, one that centers proactive outreach, rapid response and remediation, tech-driven assessments, and above all, empathy. With her dedication to providing mentorship on her team and throughout the insurance sector, Catherine exemplifies the leadership that inspires growth and adaptability. As elevated catastrophe activity continues to reshape the insurance landscape, her achievements reinforce the importance of leveraging both technology and talent to redefine policyholder experiences and help protect the American dream for more homeowners.

For more information, see the full list.

About SageSure
SageSure is the managing general agent specializing in catastrophe-exposed residential and commercial property insurance. SageSure offers more than 110 competitively priced insurance products in 16 coastal states on behalf of its carrier partners, serves more than 815,000 policyholders, and has more than $2.3 billion of inforce premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. For more information, visit sagesure.com.

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Media Contact:

Walker Sands
[email protected]

JERSEY CITY, NJ—February 28, 2025—SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, today announced the close of the Gateway Re Series 2025-1 catastrophe bond at $520 million, the franchise’s largest issuance to date.  

At a nearly 27 percent upsize from its initial $410 million target, the ninth issuance in the Gateway Re series achieved pricing approximately 10% lower than the midpoint of its initial target, signaling strong investor appetite.  

After first entering the insurance-linked securities (ILS) market in 2022, SageSure has since become one of the top primary cat bond sponsors in the US. With the close of this transaction, the SageSure-supported Gateway Re franchise has secured more than $1.7 billion in cumulative notional limit to date.  

“SageSure is proud to support its carrier partners in securing the largest catastrophe bond in the history of the Gateway Re series,” said Terrence McLean, President and CEO of SageSure. “We are grateful for the continued investor confidence in our programs, which enables underwriting capacity where producers and policyholders need it most.” 

The Gateway Re 2025-1 issuance is the first in the series to combine first event limit in the first three tranches and second event limit in the other two tranches. All five classes of notes will provide SageSure’s carrier partners SURE and SafeChoice Insurance Company with US named storm reinsurance protection. 

“We are excited to see the ILS community’s support for the Gateway Re series,” said Ed Konar, President of SURE. “This diversified reinsurance protection positions SURE to operate in challenging markets and deliver more solutions to coastal property owners.”  

Swiss Re Capital Markets acted as the sole structuring agent and bookrunner for the Gateway Re 2025-1 issuance. 

“We are proud to collaborate with SageSure and SURE on the successful ninth issuance of the Gateway Re vehicles,” said Jean-Louis Monnier, CEO of Swiss Re Capital Markets. “The superior execution of this transaction in both price and size is a testament to the strength of SageSure’s ILS franchise.” 

About SageSure
SageSure is the managing general agent specializing in catastrophe-exposed residential and commercial property insurance. SageSure offers more than 110 competitively priced insurance products in 16 coastal states on behalf of its carrier partners, serves more than 815,000 policyholders, and has more than $2.3 billion of inforce premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. For more information, visit sagesure.com. 

About SURE
SURE is the member-owned insurance company for reliable coastal property protection. Managed by a team of experienced and passionate insurance leaders who believe in building a safer world one coastal property at a time, SURE has grown rapidly to meet the needs of challenging markets while prudently managing exposure. As the first Texas-domiciled reciprocal since 2004, SURE is customer-focused by design and offers homeowners, dwelling fire, flood, and commercial coverage through an exclusive partnership with SageSure. SURE is rated A, Exceptional, by Demotech, Inc., has more than 330,000 policyholders and more than $1 billion of inforce premium to date. To learn more, visit sureins.com. 

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Media Contact: 

Walker Sands
[email protected] 

JERSEY CITY, NJ—January 2, 2025—SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced it has closed the acquisition of GeoVera Advantage Insurance Services, LLC. (“GeoVera Advantage”), the entity that will now function as a newly formed MGA and includes the leading residential earthquake risk underwriting franchise. The transaction was originally announced on April 9, 2024.

As part of the transaction, SageSure has invested in GeoVera Nova Holdings, Inc. (“GeoVera Nova”), which has acquired GeoVera Insurance Holdings, Ltd.’s insurance carrier businesses. GeoVera Nova now oversees the highly diversified insurance operating subsidiaries GeoVera Insurance Company, GeoVera Specialty Insurance Company, and Coastal Select Insurance Company—each rated “A” (Excellent) by AM Best—as well as the newly acquired SafePort Insurance Company (“SafePort”).

The deal establishes SageSure’s partnerships with GeoVera Nova insurance subsidiaries through GeoVera Advantage, which signed a Program Administrator and Claims Services Agreement and will produce all residential earthquake and other MGA business for GeoVera Nova-owned carriers. As of the transaction’s close, 114 former employees from the leading residential earthquake risk underwriting franchise have joined SageSure and will provide continuity to GeoVera Nova carriers, producers, and policyholders.

“We are very excited to welcome this talented team to SageSure,” said Terrence McLean, President and CEO of SageSure. “Together, we will continue to focus on profitable, complementary catastrophe risk underwriting activities, drive growth, and deliver incredible value for policyholders, our partners, and our people.”

The transaction combines the deep catastrophe risk underwriting expertise of the two businesses, which will operate under the SageSure brand. With the addition of the GeoVera Nova insurance subsidiary partnerships, SageSure is positioned to ensure seamless service for distributors, customers, and partners. Continuity and strong communication are the guiding principles of the integration.

John Forney, President and CEO of GeoVera Nova, added: “We are proud to partner with SageSure, who shares our commitment to delivering differentiated products, capabilities, and experiences to producers and policyholders. We look forward to a long and mutually beneficial partnership.”

Howden Capital Markets & Advisory acted as the financial advisor to SageSure on the transaction, and Willkie Farr & Gallagher LLP served as SageSure’s legal advisor.

About SageSure
SageSure is the managing general agent specializing in catastrophe-exposed residential and commercial property insurance. SageSure offers more than 70 competitively priced insurance products in 16 coastal states on behalf of its carrier partners, serves more than 800,000 policyholders, and has more than $2.1 billion of inforce premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. For more information, visit sagesure.com.

About GeoVera Nova Holdings, Inc.
GeoVera Nova Holdings, Inc. oversees the strategic growth and management of four property insurance operating subsidiaries: GeoVera Insurance Company, GeoVera Specialty Insurance Company, Coastal Select Insurance Company, and SafePort Insurance Company. GeoVera Nova’s subsidiaries maintain a Financial Strength Rating of “A” (Excellent) from AM Best and specialize in protecting catastrophe-exposed properties in earthquake and wind markets. Led by an experienced management team with a track record of driving capital efficiency and strong performance, GeoVera Nova is headquartered in Fairfield, California. For more information, visit geoveranova.com. 

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Media Contact:

Walker Sands
[email protected]

JERSEY CITY, NJ—November 19, 2024—Ernst & Young LLP (EY US) announced that Terrence McLean, CEO of SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, was named the Entrepreneur Of The Year® 2024 National Financial Services and Fintech Award winner. The announcement follows McLean’s selection as a New Jersey regional award winner in June.

The national winners were chosen from a group of 214 Entrepreneur Of The Year regional winners, representing 185 companies across the US. For nearly 40 years, the Entrepreneur Of The Year award has recognized entrepreneurs who are revolutionizing industries and leading businesses that will shape the future.

“SageSure is addressing the increasingly complex insurance challenges homeowners face in catastrophe-exposed markets and bringing solutions where they’re needed most,” said Terrence McLean, CEO of SageSure. “I’m grateful to share this recognition with my team, who makes a positive impact in the lives of our producers, policyholders, and communities every day. I’m also incredibly grateful to be named alongside the innovators and transformational leaders who are creating a more sustainable and prosperous world for all.”

Winners were selected by a panel of independent judges composed of entrepreneurs and other respected business leaders from across the US. The candidates were evaluated based on their demonstration of building long-term value through entrepreneurial spirit, purpose, growth and impact, among other core contributions and attributes.

Terrence joins the following leaders from across the country as Entrepreneur Of The Year 2024 National Award winners:

• Christopher Barnett, CEO, ABA Centers, Fort Lauderdale, Florida (National Overall Award winner)
• Michael Intrator, CEO, Coreweave, Roseland, New Jersey
• Christine Chang and Sarah Lee, Co-Founders and Co-CEOs, Glow Recipe, New York, New York
• Eric Reimer, CEO and Co-Chairman of the Board, Healthmap Solutions, Tampa, Florida
• John Poindexter, CEO and Chairman of the Board, J.B Poindexter & Co, Inc., Houston, Texas
• Cassandra Thurswell, CEO, Kitsch, Los Angeles, California
• Marco Assis, CEO, Propio Language Services, Overland Park, Kansas
• Dhruv Saxena, CEO, ShipBob, Chicago, Illinois
• Benjamin Rosenthal, CEO and Co-President, Standard Meat Company, Fort Worth, Texas

“This year’s national award winners have remained undaunted in the face of market, geopolitical, and economic uncertainties,” said Andrew (AJ) Jordan, EY Americas Entrepreneur Of The Year Director. “They’ve managed to grow, transform, and innovate within their industries and contribute to their communities even in the face of seemingly insurmountable hurdles. I cannot wait to see how they continue to transform the future.”

Since 1986, Entrepreneur Of The Year has honored an array of business leaders for their ingenuity, courage, and entrepreneurial spirit. The program recognizes original founders who grew their business from inception, visionary CEOs who transformed companies with innovation, and family business leaders who modernized legacy models for future success.

The National winners were announced during a celebration held at the Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies. Learn more about the Entrepreneur Of The Year 2024 National honorees.

About SageSure
SageSure is the managing general agent specializing in coastal residential and commercial property insurance. SageSure offers more than 50 competitively priced insurance products in 14 coastal states on behalf of its carrier partners, serves more than 650,000 policyholders, and has more than $1.9 billion of inforce premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. For more information, visit sagesure.com.

About Entrepreneur Of The Year®
Founded in 1986, Entrepreneur Of The Year® has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 80 countries and territories globally.

The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum® in November where National finalists and award winners are announced. The overall National winner represents the US at the World Entrepreneur Of The Year® competition. Visit ey.com/us/eoy.

About EY
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories. All in to shape the future with confidence.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

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Media Contact:

Walker Sands
[email protected]

Madison, MS – November 7, 2024 – SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange (“Auros”), a Mississippi-domiciled property insurer owned by its policyholders, today announced an exclusive partnership to bring homeowners solutions to Louisiana and Mississippi.

The launch of Auros marks the third reciprocal exchange sponsored by SageSure, following the introduction of SureChoice Underwriters Reciprocal Exchange (SURE) and Elevate in 2021 and 2022, respectively. Auros will enable SageSure to provide homeowners products for producers and policyholders throughout the Gulf and Southeast.

“SageSure is excited to include Auros among its highly rated insurance carrier partners,” said Terrence McLean, President and CEO of SageSure. “Auros introduces much-needed capacity to Louisiana and Mississippi where demand for homeowners solutions is high and options are limited. With the launch of Auros, SageSure can continue to deliver on its promise to provide consistent, reliable products for producers while diversifying premium growth.”

Auros received its certificate of authority in Mississippi earlier this year and has $25 million in initial policyholder surplus.

Ed Konar, a seasoned insurance industry executive with more than 40 years of experience, has joined as the President of Auros Risk Management, LLC, the attorney-in-fact (AIF) that manages operations of the reciprocal exchange. Rich Swartz joins the AIF as Treasurer.

“As a member-owned insurance company, Auros is customer-centric by design,” said Ed Konar, President of Auros Risk Management. “We make every decision with our policyholders’ best interests in mind. We believe that alignment of interest creates better outcomes for members, partners, and the markets we serve. We’re grateful to SageSure and the Mississippi Insurance Department for their partnership in bringing Auros to the market.”

Auros has secured a Financial Stability Rating® of A, Exceptional, by Demotech, Inc., and its HO3 and HO5 policies in Mississippi and Louisiana are now available only through SageSure. For more information, visit aurosins.com.

About Auros
Auros is a property insurance company designed for and owned by its policyholder members. Managed by a team of industry experts who lead with integrity and passion, Auros protects homeowners and their most valuable assets in some of the most challenging markets in the US. Auros is domiciled in Mississippi and exclusively available through SageSure, its partner in delivering innovative property insurance solutions. Rated A, Exceptional, by Demotech, Inc., Auros is available in Mississippi and Louisiana, and coming soon to Texas. To learn more, visit aurosins.com.

About SageSure
SageSure is the managing general agent specializing in coastal residential and commercial property insurance. SageSure offers more than 50 competitively priced insurance products in 14 coastal states on behalf of its carrier partners, serves more than 650,000 policyholders, and has more than $1.9 billion of inforce premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. For more information, visit sagesure.com.

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Media Contact:
Walker Sands
[email protected]

Jersey City, NJ – October 29, 2024 – SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced Peter Hearn has been appointed to the SageSure Board.

Hearn is a seasoned executive with nearly four decades of experience in the global insurance and reinsurance sector, most recently as the Vice Chair of Marsh McLennan and Chief Executive Officer of Guy Carpenter & Company, LLC. Previously, he served as the Global Chairman and Global CEO of Willis Re, where he was also a member of the Willis Group Executive Committee.

“We are excited to welcome Peter to our Board,” said Terrence McLean, President and CEO of SageSure. “Reinsurance touches every part of our business, and Peter is one of the most respected leaders in this space. His insights and experience will be formative in shaping how SageSure continues to adapt to a dynamic risk landscape.”

The announcement comes after years of exceptional growth for SageSure, driven in part by the company’s sophisticated approach to risk capital. To date, SageSure has supported underwriting partners in securing more than $3.5 billion in risk capital through both insurance-linked securities (ILS) and traditional reinsurance markets, enabling the company to serve more than 650,000 policyholders.

“I am honored to join the Board and to collaborate with SageSure’s talented leadership team on actualizing the company’s vision,” Hearn said. “What the team has achieved is incredible, and I look forward to contributing to the next phase of SageSure’s growth.”

About SageSure
SageSure is the managing general agent specializing in coastal residential and commercial property insurance. SageSure offers more than 50 competitively priced insurance products in 14 coastal states on behalf of its carrier partners, serves more than 650,000 policyholders, and has more than $1.9 billion of inforce premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. For more information, visit sagesure.com.

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Media Contact:
Walker Sands
[email protected]