SageSure Welcomes New Board Member
SageSure, one of the largest managing general underwriters that focus on markets exposed to catastrophe risks, has taken a significant step by appointing Peter Hearn to its Board of Managers. This strategic move is anticipated to bolster the company’s leadership and industry insights.
Peter Hearn's Impressive Background
Peter Hearn brings nearly four decades of extensive experience in the global insurance and reinsurance sectors. His recent role was as Vice Chair of Marsh McLennan, following a successful tenure as CEO of Guy Carpenter & Company, LLC. His impressive track record also includes serving as Global Chairman and Global CEO of Willis Re, where he was integral to the company's Executive Committee.
Hearn’s Strategic Role at SageSure
The introduction of Peter Hearn onto the SageSure Board is met with enthusiasm by company leadership. Terrence McLean, President and CEO of SageSure, stated, “We are excited to welcome Peter to our Board. Reinsurance directly impacts every aspect of our business, and Peter stands out as one of the most respected leaders in this space. His vast insights and experience will play a crucial role in shaping how SageSure navigates the evolving risk landscape.”
Positive Impact on Growth
SageSure has experienced remarkable growth in recent years, attributed to its innovative approach to risk capital. The company has successfully assisted underwriting partners in securing over $3.5 billion in risk capital through both insurance-linked securities (ILS) and traditional reinsurance markets. As a result, SageSure has effectively served more than 650,000 policyholders, showcasing its reliability in the insurance industry.
Vision for the Future
Upon his appointment, Peter Hearn expressed his eagerness to be part of SageSure’s mission, stating, “I am honored to join the Board and collaborate with SageSure’s talented leadership team to actualize the company’s vision. What the team has accomplished is remarkable, and I look forward to contributing to the next phase of SageSure’s growth.”
About SageSure
SageSure is a leading managing general agent, specializing in insurance for coastal residential and commercial properties. Offering over 50 competitively priced insurance products across 14 coastal states, SageSure continues to serve more than 650,000 policyholders and has over $1.9 billion in in-force premiums. Since its inception in 2009, the company has revolutionized property insurance through its market-leading online quoting and binding platform, along with its advanced risk modeling and scoring technology.
Frequently Asked Questions
What role does Peter Hearn have at SageSure?
Peter Hearn has been appointed to the Board of Managers of SageSure, bringing his extensive experience in insurance and reinsurance.
Why is Peter Hearn's appointment significant?
His appointment is significant because of his vast knowledge and respected status in the reinsurance industry, which will help shape SageSure's strategic direction.
How has SageSure grown in recent years?
SageSure has achieved exceptional growth by securing over $3.5 billion in risk capital and serving more than 650,000 policyholders through innovative insurance solutions.
What market does SageSure primarily serve?
SageSure specializes in coastal residential and commercial property insurance, providing tailored products for those markets.
What innovative technologies does SageSure use?
The company utilizes a sophisticated online quoting and binding platform, combined with advanced risk modeling and scoring technology, to enhance its services.
