Overview
SageSure is one of the largest residential property managing general underwriters (MGUs) in the United States, specializing in catastrophe-exposed coastal and inland property markets. Co-founded in 2009 by Terrence McLean and Brooks Clark in response to record-breaking hurricane seasons that left many homeowners underserved, the company has grown to serve hundreds of thousands of policyholders across 14 states.
Operating through a multi-carrier platform of AM Best and Demotech-rated carriers, SageSure distributes more than 70 insurance products spanning homeowners, flood, commercial property, and earthquake coverage. Products reach the market through a network of independent insurance agents. In November 2025, SageSure became a Lloyd's of London coverholder and delegated claims administrator (DCA), significantly expanding its reinsurance and capacity access. The company completed the acquisition of Florida-focused Olympus MGA in January 2026, adding approximately 130,000 in-force policies and USD 700 million in gross written premium in Florida.
SageSure has been highly active in the catastrophe bond market, closing USD 670 million in Gateway Re bonds (its largest single issuance to date) in February 2026, a USD 175 million Auros cat bond in March 2026, and scaling its Seawall Re sidecar franchise to USD 200 million in March 2026.
Products & Services
Homeowners Insurance
Coastal and catastrophe-exposed residential coverage across 14 US states, distributed through independent agents and broker networks.
Key Features
- Wind and hurricane coverage
- Named storm perils in coastal states
- Broad all-risk forms for eligible risks
Target Users: Homeowners in coastal and catastrophe-exposed markets, including mass-affluent segment (expanded via Olympus acquisition)
Distribution: Independent agents via agent portal; IVANS agency download integration
Flood Insurance
Private flood coverage for residential policyholders in SageSure's operating states.
Target Users: Coastal and inland residential property owners seeking private flood alternatives
Commercial Property (BOP)
Business Owner's Policies for small commercial and coastal businesses.
Target Users: Small businesses in coastal markets; available in California, Florida, Louisiana, North Carolina, New York, South Carolina, Texas, and Virginia
Earthquake Insurance
Residential earthquake coverage, significantly expanded through the acquisition of GeoVera Advantage Insurance Services (completed January 2025) and GeoVera Nova's Meritage Re catastrophe bond (January 2026).
Target Users: Homeowners in earthquake-prone regions
Mass-Affluent Homeowners (Olympus)
High-value residential property coverage in Florida acquired from Olympus MGA (January 2026), including a best-in-class elite repair program.
Target Users: Mass-affluent Florida homeowners; condo and rental property owners
At a Glance
- Founded
- 2009
- Headquarters
- Jersey City, New Jersey
- Employees
- 1000+
Category & Focus
Last updated: 2026-04-04