SageSure Enhances Expanded Markets to Bring More Capacity to Coastal States
Optimized program will offer third-party products directly through the MGU’s quoting platform.
JERSEY CITY, N.J.–(BUSINESS WIRE)–SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today launched sweeping enhancements to Expanded Markets, a program that offers additional capacity in coastal states through third-party products. Built to support producer needs in the most challenging markets, Expanded Markets complements the existing SageSure product suite and capitalizes on SageSure’s agile distribution model.
“As coastal markets continue to firm, demand for capacity remains strong,” said Terrence McLean, CEO of SageSure. “Through a larger portfolio of admitted and surplus lines solutions and the ability to reach a broader customer segment, Expanded Markets further delivers on SageSure’s promise to provide reliable capacity where producers need it most.”
Offered directly within SageSure’s market-leading Agent Portal, the improved Expanded Markets program enables producers to quote, bind, and manage policies all in one platform. Full benefits include:
- Access to an extensive network of both admitted and surplus lines products in one platform, with a real-time, fully automated quote-to-bind experience.
- Broader eligibility, enabling producers to write and close more business.
- The world-class service producers know and trust from SageSure throughout the experience.
Building on its initial offerings, the SageSure Expanded Markets program will now provide access to surplus lines homeowners and flood products.
“We believe the enhanced Expanded Markets strategy meets a market need that only this program can address,” said Dan Maloney, Vice President of Expanded Markets at SageSure. “We look forward to increasing SageSure’s product offering and providing the modern quoting, binding, and claims experience that is singular in the surplus lines marketplace.”
More Expanded Markets products are coming soon, with plans to continue adding capacity sources. To learn more, visit https://www.sagesure.com/besure/expanded-markets/.
About SageSure
SageSure is the managing general agent pioneering ways people protect their American Dream. A leader in catastrophe-exposed property insurance, SageSure was founded in 2009 to deliver reliable products, exceptional customer experiences, and strong underwriting results in challenging insurance markets. SageSure currently operates in 14 states and provides home, flood, and commercial coverage on behalf of its highly rated carrier partners. With more than $1 billion of inforce premium and 600 employees across the country, SageSure is the largest residential property insurance MGU in the US. To learn more, visit sagesure.com.
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