Sigma Underwriting Managers
Sigma Underwriting Managers is a Hollywood, Florida-based program administrator for Zurich Insurance Group that underwrites wind catastrophe property insurance for Florida habitational accounts and nationwide commercial properties through retail agents and wholesale brokers.
- Company typePrivate
- Founded-
- HeadquartersHollywood, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Sigma Underwriting Managers does
Sigma Underwriting Managers is a Florida-based program administrator that underwrites wind catastrophe property insurance exclusively on behalf of Zurich Insurance Group carrier partners. Operating from Hollywood, FL with approximately 25 staff, the company focuses narrowly on hurricane and wind-CAT risk for habitational properties in Florida (condominium associations, luxury apartments, office condominiums) and commercial properties nationwide (adult living facilities, apartments, hotels, restaurants, warehouses, retail), with $100M in-house limits on the Florida habitational book and $75M on the nationwide E&S commercial book. The company explicitly does not act as an E&S wholesale broker; instead it positions as a carrier-equivalent MGA offering direct-carrier service levels, competitive commissions, AOR/BOR procedures, and 24-hour acknowledgment / 48-hour binder issuance through its tiered Elite Producer program.
The technical backbone is RMS-based hurricane risk modeling run on every account prior to quoting, supplemented by geocoding for accumulation management, secondary risk modifiers (roof geometry, construction age, roof type, hurricane protection, anchorage), sinkhole exposure evaluation, and property valuation tooling. A thin-client browser-based policy system enables remote quoting, nationwide clearance, and PDF policy issuance compatible with agency imaging systems. Underwriting is anchored by a team the company describes as carrying over 100 years of combined wind-CAT experience, with named producers including Brown & Brown, USI Insurance Services, Amwins Brokerage, All Risks/RT Specialty, and Gulfshore Insurance qualifying for Elite+ or Elite tiers above $750K–$2M in premium.
Revenue mechanics are built on commission income from premiums underwritten through Zurich paper plus tiered producer economics (a 1% additional commission for Elite producers), with minimum premium commitments of $250K for retail agents and $1M for wholesale brokers and a $25K minimum premium for habitational insureds. Distribution is exclusively B2B through retail agents and wholesale brokers across Florida, the East Coast, and the Gulf Coast, with the carrier relationship (A.M. Best A+ XV) functioning as the structural selling proposition. No revenue, premium volume, funding, or M&A data is disclosed.
Sigma Underwriting Managers firmographics
Firmographics- Name
- Sigma Underwriting Managers
- Legal name
- Sigma Underwriting Managers
- Website
- https://sigmaprograms.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Sigma Underwriting Managers is a Hollywood, Florida-based program administrator for Zurich Insurance Group that underwrites wind catastrophe property insurance for Florida habitational accounts and nationwide commercial properties through retail agents and wholesale brokers.
- Ownership category
- akta.pro rank
Sigma Underwriting Managers industry classification
Industry- Product category
- Specialty Property Insurance
- NAICS
- Other Insurance Related Activities (52429)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industries
- Excess Casualty (Lead/Umbrella/XS) (FSAJAGAA), Large Commercial Package (National Accounts) (FSAJAFAC)
Keywords
Where Sigma Underwriting Managers is headquartered
LocationHeadquarters
- HQ city
- Hollywood
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sigma Underwriting Managers business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Insurance Premiums (Commission): Sigma Underwriting Managers operates as a program administrator for Zurich Insurance Group, earning commissions on insurance policies underwritten by Zurich. The company writes habitational and commercial property insurance with broad limits of $75,000,000 to $100,000,000 in-house.
- Producer Partnership Fees: Revenue generated through partnerships with retail agents and wholesale brokers who submit insurance submissions. Commission structure includes base commissions plus 1% additional commission for Elite producers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Annual | Retail Agent Minimum Premium |
| Unit Pricing | Annual | Wholesale/Brokerage Minimum Premium |
| Unit Pricing | Annual | Habitational Property Minimum Premium |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Sigma Underwriting Managers product offering
Product offeringCore offering
Sigma Underwriting Managers is a program administrator for Zurich Insurance Group that specializes in nationwide wind catastrophe property insurance for habitational and commercial properties. The company underwrites and binds policies exclusively for Zurich member companies (rated A.M. Best A+ XV), offering the Habitational Property Program (Florida condominium associations, up to $100M in-house limits) and the E&S Commercial Property Program (nationwide low-to-medium hazard properties, up to $75M in-house limits), distributed entirely through retail agents and wholesale brokers.
Product overview
Sigma Underwriting Managers operates as a program administrator for Zurich Insurance, specializing in nationwide wind catastrophe property insurance for habitational and commercial properties. The core product portfolio consists of two main property programs: the Habitational Property Program offering $100,000,000 in-house limits for Florida condominium associations and luxury apartments, and the E & S Commercial Property Program providing $75,000,000 in-house limits for low to medium-hazard properties nationwide. These programs are supported by claims management services, an account reservation system with tiered access for Elite producers, and supplemental application resources including ALF, Commercial, Hotel/Motel, Habitational, Manufacturing, Warehouse, and Restaurant property supplements. The company also provides storm binding guidelines and hurricane preparedness resources through the Zurich Windstorm Help-Point.
Differentiator
Problem solved
Functional benefit
Products and services
- Habitational Property Program A high-valued property insurance program for commercial residential accounts in Florida specializing in coverage for condominium associations. Offers $100,000,000 in-house limits with coverage available on Primary, Excess, Loss Limit, and X-Wind basis.
- E & S Commercial Property Program A nationwide program designed to write all types of low to medium-hazard properties including adult living facilities, apartment complexes, shopping centers, hotels, restaurants, warehouses and more. Offers $75,000,000 in-house limits.
- Claims Management Insurance claims submission and loss run request services, including access to claim forms and First Loss Report templates.
Companies that use Sigma Underwriting Managers
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
Sigma Underwriting Managers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Sigma Underwriting Managers partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Zurich Insurance GroupcoreSigma Underwriting Managers operates as a program administrator for Zurich Insurance Group, not an E&S broker. Sigma exclusively underwrites for Zurich carrier partners, providing policies underwritten by Zurich A.M. Best A+ XV rated member companies. Zurich, founded in 1872 and headquartered in Switzerland, is a leading multi-line insurance group with over 140 years experience serving businesses worldwide, including over 100 years in North America. Working with Sigma provides the experience of working directly with the carrier with competitive commission and high service levels.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Sigma Underwriting Managers competitors and assessment
Company assessmentDirect peers
- Heritage Property & Casualty Insurance: Heritage P&C is a Florida-focused personal and commercial property carrier writing habitational risks in hurricane-prone counties. It is directly comparable to Sigma's habitational program in target market and geography, though Heritage carries its own balance-sheet risk.
- Burns & Wilcox: Burns & Wilcox is a national specialty insurance MGA and wholesale broker focused on E&S property and catastrophe-exposed risks. It is directly comparable to Sigma because both serve retail agents and wholesalers needing carrier-paper capacity for non-standard property accounts.
- CRC Insurance Services: CRC is a wholesale broker and MGA placing specialty and E&S property coverage with carrier partners. It is directly comparable to Sigma as both act as wholesale/MGA channels for agents seeking catastrophe and habitational property capacity.
- Florida Peninsula Insurance Company: Florida Peninsula is a Florida-domiciled specialty homeowners/habitational property carrier. It is directly comparable to Sigma's habitational book because both serve Florida residential and condo association property risks, although Florida Peninsula carries paper as a carrier rather than as an MGA.
- RPS (Risk Placement Services): RPS is a large specialty MGA/MGU writing E&S and catastrophe property across the U.S. It is directly comparable to Sigma in that both act as intermediary underwriting managers placing specialty property on behalf of carrier partners for retail and wholesale producers.
- Universal Property & Casualty Insurance: UPC is a Florida-focused residential property carrier with concentration in coastal counties. It is directly comparable to Sigma in Florida habitational exposure, though UPC writes directly rather than via MGA arrangement.
- Westrope: Westrope is a managing general agent writing specialty and E&S property on behalf of carrier partners. It is directly comparable to Sigma in model (MGA under carrier paper) and in target business mix (specialty commercial property).
Others
- Brown & Brown Insurance: Brown & Brown is a major U.S. retail insurance broker that is one of Sigma's named Elite+ producers placing wind catastrophe business. It is comparable as a channel participant rather than as a competitor, illustrating the distribution model Sigma is built to serve.
Broad incumbents
- Amwins Specialty: Amwins is a dominant wholesale distributor and specialty MGA with a much broader portfolio and national footprint. It overlaps Sigma in wholesale distribution to retail agents but operates at significantly larger scale and across more lines of business.
Regional players
- Citizens Property Insurance Corporation: Citizens is the Florida state-backed residual market insurer of last resort for residential and commercial property. It is comparable to Sigma as a regional (Florida-only) provider of habitational and commercial property coverage but serves risks that standard carriers decline.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Sigma Underwriting Managers social profiles
Digital presenceSigma Underwriting Managers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sigma Underwriting Managers leadership team
Management profileNumber of profiles
Profiles6 records
Sigma Underwriting Managers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sigma Underwriting Managers M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sigma Underwriting Managers
What does Sigma Underwriting Managers do?
Sigma Underwriting Managers is a program administrator for Zurich Insurance Group that specializes in nationwide wind catastrophe property insurance for habitational and commercial properties. The company underwrites and binds policies exclusively for Zurich member companies (rated A.M. Best A+ XV), offering the Habitational Property Program (Florida condominium associations, up to $100M in-house limits) and the E&S Commercial Property Program (nationwide low-to-medium hazard properties, up to $75M in-house limits), distributed entirely through retail agents and wholesale brokers.
Is Sigma Underwriting Managers a public or private company?
Sigma Underwriting Managers is a private company. It is classified as unknown and is currently operating.
When was Sigma Underwriting Managers founded?
Sigma Underwriting Managers was founded in -1. It employs 11 to 50 people.
Where is Sigma Underwriting Managers based?
Sigma Underwriting Managers is headquartered in Hollywood, United States, in the North America region.
How does Sigma Underwriting Managers make money?
Two revenue lines are on record. Insurance Premiums (Commission) is the primary driver. The others are producer Partnership Fees.
Who are Sigma Underwriting Managers's main competitors?
Direct peers on record are Heritage Property & Casualty Insurance, Burns & Wilcox, CRC Insurance Services, Florida Peninsula Insurance Company, RPS (Risk Placement Services), Universal Property & Casualty Insurance and Westrope. Brown & Brown Insurance is listed as an others. Amwins Specialty is listed as a broad incumbent. Citizens Property Insurance Corporation is listed as a regional player.
Does Sigma Underwriting Managers have an API?
No public API is recorded for Sigma Underwriting Managers.
What industry is Sigma Underwriting Managers in?
Sigma Underwriting Managers's product category is Specialty Property Insurance. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAJAGAA, Excess Casualty (Lead/Umbrella/XS). Its NAICS code is 52429 and its SIC code is 6411.