SageSure Raises $125M in Bank Financing
- SageSure, a Jersey City, N.J.-based technology-driven managing general underwriter specializing in coastal residential property markets, raised $125m in bank financing
- The syndicated facility is led by Citizens and includes Joint Lead Arrangers ING Group, BMO Harris and East West Bank
- The funding will enable SageSue to continue growth across its existing 14 state footprint
- The company has more than tripled written premium since 2017 to over $800M this year and serves more than 400,000 policyholders
- The company is a technology-driven managing general underwriter specializing in coastal residential property markets
- It offers more than 50 competitively priced insurance products in 14 coastal states on behalf of its carrier partners and serves more than 400,000 policyholders
