SageSure Collaborates with Markel to Introduce New Capacity to Expanded Markets Program
27 August 2024 - 10:00PM
Business Wire
Collaboration increases capacity and broadens
underwriting eligibility in coastal regions.
SageSure, one of the largest managing general underwriters
focused on catastrophe-exposed markets, today announced its
collaboration with Markel, the insurance operation within Markel
Group Inc. (NYSE: MKL). SageSure Expanded Markets will distribute
Markel’s insurance products first in Louisiana, South Carolina, and
Texas, with more states forthcoming.
The collaboration represents strong alignment between Markel and
SageSure, both of which specialize in delivering high-quality
solutions for complex risks and challenging markets.
“SageSure Expanded Markets is natural fit for a trusted
insurance provider like Markel that shares our passion for
innovation and expertly tailored products,” said Dan Maloney, Vice
President of Expanded Markets at SageSure. “We look forward to a
lasting and rewarding collaboration, and we are excited for our
producers to experience this insurance solution through our
market-leading quoting and binding platform.”
A global specialty insurance provider since 1930, Markel
leverages their vast underwriting knowledge to build programs for
specialized risks. The collaboration provides access to Markel’s
trusted products through SageSure’s proprietary platform where
producers can quote and bind Expanded Markets products in
minutes.
“We are excited to collaborate with SageSure and to be part of
the continued growth of their Expanded Markets program,” said Jeff
May, Executive Underwriting Officer at Markel. “We admire their
commitment to serving challenging markets and look forward to being
a strategic and long-term insurance provider.”
Since September 2023, SageSure Expanded Markets has been
partnering with reliable third-party providers to complement the
SageSure Signature product suite and to give producer partners
access to more capacity. To learn more, visit
sagesure.com/markel.
About SageSure
SageSure is the managing general underwriter pioneering ways
people protect their American Dream. A leader in
catastrophe-exposed property insurance, SageSure (CA License
#0I67524, MA License #2028361, TX License #1966149) 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 $1.9 billion of
inforce premium, 640,000 policyholders, and 800 employees across
the country, SageSure is one of the largest residential property
insurance MGUs in the US. To learn more, visit sagesure.com.
About Markel
Markel is a leading global specialty insurer with a truly
people-first approach. As the insurance operations within Markel
Group Inc. (NYSE: MKL), they operate the Markel Specialty, Markel
International, and Markel Global Reinsurance divisions, as well as
State National, their portfolio protection and program services
operations, and Nephila, their insurance-linked securities
operations. Markel’s broad array of capabilities and expertise
allow them to create intelligent solutions for the most complex
risk management needs. However, it is their people—and the deep,
valued relationships they develop with colleagues, brokers, and
clients—that differentiates Markel worldwide. Coverage is
underwritten by one or more insurance company subsidiaries of
Markel. Certain products and services are provided through various
non-admitted insurance company subsidiaries of Markel and are
offered through licensed surplus lines brokers.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240827979802/en/
Walker Sands sagesure@walkersands.com
Markel (NYSE:MKL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Markel (NYSE:MKL)
Historical Stock Chart
From Sep 2023 to Sep 2024