What is SageSure?
Founded in 2009 and headquartered in Jersey City, New Jersey, SageSure operates as a managing general underwriter (MGU). The company leverages technology, data analytics, and underwriting expertise to provide property insurance solutions for homeowners and small businesses in high-risk regions. SageSure addresses gaps left by major carriers in coastal and disaster-prone areas, offering cost-competitive insurance products through a multi-carrier platform on behalf of highly rated insurance partners. Its core focus is on residential and commercial property insurance in areas prone to extreme weather and other catastrophe risks, partnering with independent agents and brokers to serve policyholders and producers in states with limited insurance options.
How much funding has SageSure raised?
SageSure has raised a total of $850M across 5 funding rounds:
Debt
$125M
Debt
$375M
Debt
$50M
Private Equity
$250M
Debt
$50M
Debt (2021): $125M with participation from BMO Harris, Citizens, ING Group, and East West Bank
Debt (2022): $375M led by Ares Management Corporation
Debt (2023): $50M supported by Wintrust Financial
Private Equity (2023): $250M featuring Ares Management Corporation, AmWINS Group, and Flexpoint Ford
Debt (2025): $50M backed by Seawall
Key Investors in SageSure
Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes.
AmWINS Group
Amwins Group, Inc. is a global specialty insurance distributor and one of the largest wholesale brokers in the world, providing property & casualty and group benefits products through wholesale brokerage, binding authority, underwriting, and program administration.
Flexpoint Ford
Flexpoint Ford is a private equity investment firm that specializes in privately negotiated investments in the healthcare and financial services industries. Since the firm's formation in 2005, Flexpoint Ford has completed investments in companies across a broad range of investment sizes, structures and asset classes.
What's next for SageSure?
The recent major strategic investment indicates SageSure is poised for further scaling and operational enhancement. This capital infusion is likely to fuel advancements in its technology and data analytics capabilities, strengthening its underwriting expertise. The company's focus on catastrophe-exposed markets suggests a strategic expansion into new high-risk territories or deepening its penetration in existing ones. Continued partnerships with insurance carriers and brokers will be crucial for its growth trajectory, enabling SageSure to solidify its position as a key provider of specialized property insurance in underserved and high-risk regions.
See full SageSure company page
