MGU SageSure launches Expanded Markets surplus lines dwelling fire product

SageSure, one of the largest managing general underwriters (MGU) focused on catastrophe-exposed markets, has launched its first Expanded Markets surplus lines dwelling fire product for primary, secondary, tenanted, and seasonal homes.

The latest Expanded Markets offering is now available in four coastal US states: Louisiana, New Jersey, South Carolina, and Texas, where there has been an increased demand for these products.

According to the latest US Census figures, more than 34.8% of housing units were renter-occupied, with even higher concentrations in coastal areas, representing a significant market for secondary, tenanted, and seasonal home coverage.

“The addition of the DP3 product to the SageSure Expanded Markets program demonstrates our commitment to identifying and meeting demand in coastal states,” said Dan Maloney, Vice President of Expanded Markets at SageSure.

Adding: “Dwelling fire products are one of the most requested by producers in our markets. We are excited to offer this new solution to help our partners grow their book of business and meet the needs of their clients.”

The SageSure Expanded Markets program, which was launched in 2023, leverages third-party products to complement the SageSure Signature product suite.

Expanded Markets, SageSure highlighted, provides access to highly rated capacity with broader eligibility criteria in some of the most challenging markets in the US.

Terrence McLean, President and CEO of SageSure, commented: “SageSure is proud to deliver the products our producers want to write and the experience they deserve. We look forward to introducing Expanded Markets to more markets in the future.”

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