SageSure, one of the largest managing general underwriters (MGU) focused on catastrophe-exposed markets, has announced a new partnership with Markel to introduce new capacity to its Expanded Markets program.
The move is set to see SageSure Expanded Markets distribute Markel’s insurance products, initially launching in Louisiana, South Carolina, and Texas, with more states to follow.
This partnership aligns the strengths of both companies, which are dedicated to providing high-quality solutions for complex and high-risk markets.
By leveraging their combined expertise, SageSure and Markel aim to bring innovative and tailored insurance products to producers and clients operating in challenging environments.
SageSure, a well-established MGU, focuses on offering property insurance solutions in catastrophe-exposed markets across the US.
Their innovative approach to underwriting and product distribution has positioned them as a leader in delivering solutions to regions prone to natural disasters.
SageSure’s Expanded Markets platform allows producers to easily quote and bind policies quickly, streamlining the insurance process.
Markel, with its long history as a global specialty insurer since 1930, brings its extensive underwriting knowledge to the collaboration.
The company is known for its ability to provide insurance for specialised and complex risks. Markel’s partnership with SageSure allows their trusted products to be distributed through SageSure’s platform, expanding access to insurance solutions in high-risk markets.
Dan Maloney, Vice President of Expanded Markets at SageSure, commented, “SageSure Expanded Markets is natural fit for a trusted insurance provider like Markel that shares our passion for innovation and expertly tailored products. 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.”
Jeff May, Executive Underwriting Officer at Markel, added, “We are excited to collaborate with SageSure and to be part of the continued growth of their Expanded Markets program. We admire their commitment to serving challenging markets and look forward to being a strategic and long-term insurance provider.”
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