Large, US catastrophe-exposed focused managing general underwriter (MGU), SageSure, is now an official Coverholder and Delegated Claims Administrator (DCA) at Lloyd’s after approval from the marketplace, enabling the firm to underwrite policies issued by Trium Syndicate 1322.
Under the binding authority agreement, the MGU will build a portfolio of homeowners business in cat-exposed markets.
The binding authority granted as a Coverholder at Lloyd’s, the world’s oldest insurance and reinsurance marketplace, improves SageSure’s operational capabilities and enables growth in capacity backed by the global reputation and financial resilience of Lloyd’s.
The new homeowners programme from SageSure, issued by Trium Syndicate 1322, is now available in Louisiana, New York, North Carolina, South Carolina, and Texas.
Terrence McLean, President and CEO of SageSure, commented: “Becoming a Lloyd’s Coverholder and Delegated Claims Administrator is a significant milestone for SageSure. We are excited to partner with Trium Syndicate 1322 at Lloyd’s with the approval of a marketplace our producers and policyholders trust.”
“Trium is thrilled to partner with SageSure to deploy specialized risk capacity and innovative claims services in underserved insurance markets. We look forward to a strong partnership that enhances the policyholder experience with accurate and efficient claims handling and superior customer service,” added Dave Rock, Trium Chief Claims Officer.
Brandon Beauregard, Trium’s Chief Underwriting Officer for Property, said: “Our partnership with SageSure brings together deep underwriting expertise and broad market access, enabling us to expand and diversify our catastrophe property portfolio. By combining SageSure’s distribution strength with the global credibility of Lloyd’s Syndicate 1322, we’re delivering meaningful capacity and resilience to underserved, high-risk markets.”
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