SageSure
SageSure is the largest independent residential property MGU in the US, specializing in catastrophe-exposed homeowners, earthquake, and commercial insurance across 16 coastal states, distributed via independent agents and a proprietary technology platform.
- Company typePrivate
- Founded2009
- HeadquartersJersey City, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What SageSure does
SageSure Insurance Managers, LLC is the largest independent residential property managing general underwriter (MGU) in the United States, founded in 2009 by Terrence McLean and Brooks Clark and headquartered in Jersey City, New Jersey. The company specializes in catastrophe-exposed coastal property insurance across 16 states, serving approximately 970,000 policyholders with over $2.3 billion in managed premium (rising to $3.2 billion in active premiums by mid-2026). SageSure operates as the largest independent residential property managing general underwriter (MGU) in the United States, offering a multi-carrier platform that provides home, flood, and commercial coverage in catastrophe-exposed coastal states. The company serves 16 states and manages over $2.3 billion in premium. The core product portfolio includes homeowners insurance (with state-specific offerings across Alabama, Alaska, California, Connecticut, Florida, Louisiana, Massachusetts, Mississippi, New Jersey, New York, North Carolina, South Carolina, Texas, and Virginia), earthquake insurance through the GeoVera Advantage brokerage (California, Oregon, Washington), and commercial Business Owners Policies (in 8 states). These products are delivered through two primary programs: SageSure Signature (the main product suite through highly rated carrier partners) and SageSure Expanded Markets (for harder-to-place risks). Supporting infrastructure includes the proprietary Agent Portal (quote-to-bind platform) and the SageSure Sales API (partner integration). SageSure also serves as a Lloyd's coverholder through Trium Syndicate 1322, providing additional capacity and market reach.
SageSure firmographics
Firmographics- Name
- SageSure
- Legal name
- SageSure Insurance Managers, LLC
- Website
- https://sagesure.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- SageSure is the largest independent residential property MGU in the US, specializing in catastrophe-exposed homeowners, earthquake, and commercial insurance across 16 coastal states, distributed via independent agents and a proprietary technology platform.
- Ownership category
- akta.pro rank
SageSure industry classification
Industry- Product category
- Property and Casualty Insurance
- NAICS
- Real Estate Credit (522292), Real Estate Property Managers (53131)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
Keywords
Where SageSure is headquartered
LocationHeadquarters
- HQ city
- Jersey City
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
SageSure business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Managing General Underwriter (MGU) Premium-Based Revenue: SageSure operates as a managing general underwriter, earning revenue through commissions and fees on premiums collected through its network of carrier partners. The company specializes in catastrophe-exposed property insurance, placing policies with highly-rated insurance carriers and earning a share of premium as compensation for underwriting, product development, distribution, and policy administration services.
- Capital Markets / ILS Revenue: SageSure sponsors catastrophe bond programs (Gateway Re, Seawall Re) and reciprocal exchanges, generating fee income from structuring and sponsoring insurance-linked securities. Swiss Re Capital Markets serves as structuring agent for these transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Earthquake Insurance - Single Limit |
| Subscription | Annual | Earthquake Insurance - Flex Limit |
| Subscription | Annual | Earthquake Insurance - Nationwide Average Range |
| Subscription | Monthly | Business Owners Policy (BOP) |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
SageSure product offering
Product offeringCore offering
SageSure operates as the largest independent residential property managing general underwriter (MGU) in the United States, underwriting and administering homeowners, earthquake, flood, and commercial business owners policies (BOP) in 16 catastrophe-exposed coastal states through a multi-carrier platform. The company specializes in placing coverage that standard carriers will not write in hurricane, windstorm, earthquake, and wildfire-prone regions, distributing exclusively through independent insurance agents and brokers via a proprietary Agent Portal and partner Sales API.
Product overview
SageSure operates as the largest independent residential property managing general underwriter (MGU) in the United States, offering a multi-carrier platform that provides home, flood, and commercial coverage in catastrophe-exposed coastal states. The company serves 16 states and manages over $2.3 billion in premium. The core product portfolio includes homeowners insurance (with state-specific offerings across Alabama, Alaska, California, Connecticut, Florida, Louisiana, Massachusetts, Mississippi, New Jersey, New York, North Carolina, South Carolina, Texas, and Virginia), earthquake insurance through the GeoVera Advantage brokerage (California, Oregon, Washington), and commercial Business Owners Policies (in 8 states). These products are delivered through two primary programs: SageSure Signature (the main product suite through highly rated carrier partners) and SageSure Expanded Markets (for harder-to-place risks). Supporting infrastructure includes the proprietary Agent Portal (quote-to-bind platform) and the SageSure Sales API (partner integration). SageSure also serves as a Lloyd's coverholder through Trium Syndicate 1322, providing additional capacity and market reach.
Differentiator
Problem solved
Functional benefit
Brands
- SageSure Signature: Program offering residential property insurance through multiple carrier partners including Acceptance Casualty, Acceptance Indemnity, Auros, Elevate, Harco National, Interboro, Occidental Fire and Casualty, SafePort, SURE, SafeChoice, TransGuard, Trium, and Wilshire.
- SageSure Specialty
- SageSure Expanded Markets
Quantifiable outcome
- 970,000+ policyholders served across 16 coastal states
- +3 more outcomes
Companies that use SageSure
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
SageSure technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability2 records
Feature3 records
SageSure partnerships and signals
Strategic signalPartnerships
29 partnerships are on record, tiered core and supporting.
- Anchor RecoreCaptive reinsurance vehicle supporting SageSure's reinsurance program. SageSure and Anchor Re closed $50 million catastrophe bond in July 2023, and secured additional $50 million reinsurance capacity in July 2025 through Seawall Re sidecar.
- GC SecuritiescoreServed as sole structuring and placement agent for Seawall Re II sidecar transaction, securing $200 million in capital from institutional investors.
- Swiss Re Capital Markets CorporationcoreServed as sole structuring agent and bookrunner for Gateway Re Series 2026-1 catastrophe bond ($670 million), the largest in the franchise's history.
- Trium Syndicate 1322coreLloyd's syndicate through which SageSure underwrites policies as an approved Lloyd's coverholder and delegated claims administrator. Represents expansion of capacity and market access through Lloyd's platform.
- Gemini Financial Holdings CorporationcoreAcquired September 2025 (closed January 2026), bringing approximately 130,000 active policies, $700 million in gross written premium, and 1,500 independent agents in Florida. Includes Olympus MGA subsidiary serving mass-affluent homeowners.
- GeoVera Advantage Insurance ServicescoreEarthquake risk underwriter acquired April 2024 (closed January 2025), enhancing SageSure's catastrophe risk underwriting capabilities and expanding presence in western US markets including Oregon and Washington.
- SafePort Insurance CompanycorePrimary carrier partner rated 'A' (Excellent) by AM Best. SageSure serves as program manager and servicing agent for SafePort BOP products across multiple states including California, Louisiana, Mississippi, New York, North Carolina, South Carolina, Texas, and Virginia.
- SureChoice Underwriters Reciprocal Exchange (SURE)coreReciprocal exchange with A, Exceptional Demotech rating. Primary carrier partner for homeowners and BOP products in multiple states including Florida, California, Louisiana, North Carolina, South Carolina, Texas. SageSure serves as program administrator.
- GeoVera Insurance CompanycoreSpecialty earthquake insurance carrier within SageSure Specialty program. Part of SageSure's expanded earthquake coverage capabilities following GeoVera MGA acquisition.
- AuroscoreReciprocal insurance exchange launched in partnership with SageSure and Goosehead. Expanded to Mississippi and Louisiana homeowners insurance in November 2024. Multiple catastrophe bonds issued including $100 million (July 2025) and $175 million (March 2026).
- ElevatecoreInsurance carrier launched in November 2022 in partnership with Goosehead for preferred coastal property risks. Provides additional capacity for homeowners coverage in challenging markets.
- Acceptance Casualty Insurance CompanysupportingCarrier partner in SageSure Signature program providing homeowners insurance capacity.
- Harco National Insurance CompanysupportingCarrier partner in SageSure Signature program providing property insurance capacity.
- Interboro Insurance CompanysupportingCarrier partner providing insurance capacity through SageSure programs.
- Occidental Fire and CasualtysupportingCarrier partner providing property insurance capacity through SageSure programs.
- IAT Insurance Group (TransGuard)supportingCarrier partner with products available through SageSure's expanded markets program.
- Wilshire Insurance CompanysupportingCarrier partner providing insurance capacity through SageSure programs.
- Coastal Select Insurance CompanysupportingGeoVera-affiliated insurance carrier providing earthquake and specialty property coverage.
- GeoVera Specialty Insurance CompanysupportingGeoVera-affiliated specialty insurance carrier for earthquake coverage.
- Independent Mutual Fire InsurancesupportingStrategic partner in SageSure Expanded Markets program, providing additional capacity for harder-to-place risks.
- MarkelsupportingAdded to Expanded Markets program in August 2024 to introduce new capacity for harder-to-place risks.
- VavesupportingTechnology partner in Expanded Markets program offering innovative coverage solutions.
- IVANScoreConnectivity partner providing automated policy and commission download services. Integrated with 40+ agency management systems, enabling agents to receive SageSure policy updates directly in their management platforms.
- SnapsheetsupportingClaims management platform deployed to enhance claims management capabilities and customer experience, announced January 2022.
- One IncsupportingClaimsPay platform selected for outbound digital claim payments, announced March 2022.
- OpterrixsupportingPartnered to enhance claims handling in catastrophe-prone property markets, announced June 2021.
- LeakBotsupportingWater loss mitigation program, first U.S. deployment completed by SageSure in September 2021.
- Goosehead InsurancecoreLaunched Elevate insurance carrier in November 2022 in partnership with SageSure for preferred coastal property risks. Expanded partnership with Auros reciprocal exchange.
- SafeChoicesupportingCarrier partner providing insurance capacity through SageSure Signature program.
Scale indicators15 records
Recent moves8 records
Expansion highlights8 records
SageSure competitors and assessment
Company assessmentDirect peers
- Tower Hill Insurance Group: Florida-headquartered specialty property insurer focused on catastrophe-exposed homeowners. Competes directly with SageSure in FL coastal markets and shares a similar dependence on independent agents and catastrophe underwriting expertise.
- Heritage Insurance Holdings: Florida-focused personal and commercial property insurer concentrated in catastrophe-exposed coastal states. Operates with a similar MGU/program-manager structure and competes for the same homeowner and BOP risk pool.
- HCI Group (Homeowners Choice): Specialty property insurer and MGU with deep concentration in Florida catastrophe-exposed homeowners. Comparable operating model with carrier partnerships and focus on difficult-to-place coastal risks.
- Universal Insurance Holdings: Public Florida-focused personal lines property insurer. Overlaps with SageSure in catastrophe-exposed homeowner segments and uses similar program-carrier architecture.
- Slide Insurance: Florida specialty homeowners insurer built around an MGU-style model serving catastrophe-exposed markets. Competes directly for coastal property risk and independent agent relationships.
- Palomar Holdings: Specialty property insurer offering earthquake and catastrophe-exposed coverage. Comparable to SageSure's GeoVera-affiliated earthquake business and shares focus on specialty peril underwriting.
Emerging players
- Kin Insurance: Direct-to-consumer insurtech focused on catastrophe-exposed homeowners in states like Florida. Targets the same end-customer as SageSure but uses a digital-native model rather than independent agents.
Broad incumbents
- Travelers: Large national P&C insurer with significant homeowners and coastal property exposure. Competes with SageSure in coastal agency-distributed property but operates across a much broader portfolio and uses traditional underwriting.
- Chubb: Global P&C and specialty insurer with coastal high-value homeowners exposure. Competes indirectly for affluent coastal homeowner risk that overlaps SageSure's mass-affluent Olympus segment.
Others
- Citizens Property Insurance Corporation: Florida's residual-market insurer of last resort. While not a direct competitor, its size and rate dynamics materially shape the addressable market in which SageSure's Florida MGU operations compete.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
SageSure social profiles
Digital presenceSageSure compliance and trust
Trust signalCompliance1 record
SageSure financial estimates
Financial estimateRevenue estimate
Valuation estimate
SageSure leadership team
Management profileNumber of profiles
Profiles15 records
SageSure subsidiaries and ownership
Company hierarchySubsidiaries5 records
SageSure funding detail
Funding detailFunding overview
Funding rounds8 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SageSure M&A and investment
M&A and investmentM&A2 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SageSure
What does SageSure do?
SageSure operates as the largest independent residential property managing general underwriter (MGU) in the United States, underwriting and administering homeowners, earthquake, flood, and commercial business owners policies (BOP) in 16 catastrophe-exposed coastal states through a multi-carrier platform. The company specializes in placing coverage that standard carriers will not write in hurricane, windstorm, earthquake, and wildfire-prone regions, distributing exclusively through independent insurance agents and brokers via a proprietary Agent Portal and partner Sales API.
Is SageSure a public or private company?
SageSure is a private company. It is classified as venture growth investor backed and is currently operating.
When was SageSure founded?
SageSure was founded in 2009. It employs 501 to 1,000 people.
Where is SageSure based?
SageSure is headquartered in Jersey City, United States, in the North America region.
How does SageSure make money?
Two revenue lines are on record. Managing General Underwriter (MGU) Premium-Based Revenue is the primary driver. The others are capital Markets / ILS Revenue.
Who are SageSure's main competitors?
Direct peers on record are Tower Hill Insurance Group, Heritage Insurance Holdings, HCI Group (Homeowners Choice), Universal Insurance Holdings, Slide Insurance and Palomar Holdings. Kin Insurance is listed as an emerging player. Broad incumbents are Travelers and Chubb. Citizens Property Insurance Corporation is listed as an others.
Does SageSure have an API?
Yes. SageSure offers a Sales API enabling qualified partners to quote risks, determine eligibility, get quote documents, and bridge users to the SageSure Agent Portal for binding coverage. The API supports quote-to-bind functionality and provides access to all insurance products across 14 states. The API binds nearly $1 million of new business coverage per day, issuing, endorsing, and renewing hundreds of thousands of policies per year. A dedicated integration support team assists partners with implementation and ongoing success.
What industry is SageSure in?
SageSure's product category is Property and Casualty Insurance. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 522292 and its SIC code is 6531.