Former Guy Carpenter CEO Peter Hearn joins SageSure Board

SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, has announced the appointment of former Guy Carpenter CEO Peter Hearn to its Board of Managers.

Hearn is a seasonal executive with a career spanning almost four decades within the international insurance and reinsurance industry.

He most recently held the position of Vice Chair at Marsh McLennan while simultaneously serving as the Chief Executive Officer of Guy Carpenter & Company, LLC.

Prior to that, he served as the Global Chairman and Global CEO of Willis Re, where he was also a member of the Willis Group Executive Committee.

“We are excited to welcome Peter to our Board,” said Terrence McLean, President and CEO of SageSure. “Reinsurance touches every part of our business, and Peter is one of the most respected leaders in this space. His insights and experience will be formative in shaping how SageSure continues to adapt to a dynamic risk landscape.”

Hearn’s appointment follows a period of strong growth for SageSure, fueled by its innovative approach to risk capital. The company has helped its partners secure over $3.5 billion in risk capital from both traditional reinsurance and insurance-linked securities (ILS), allowing the company to provide coverage to more than 650,000 policyholders.

Commenting on his appointment, Hearn said: “I am honoured to join the Board and to collaborate with SageSure’s talented leadership team on actualizing the company’s vision. What the team has achieved is incredible, and I look forward to contributing to the next phase of SageSure’s growth.”

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