SageSure Achieves Lloyd’s of London Coverholder and Delegated Claims Administrator (DCA) Status

Partnership with Trium Syndicate 1322 at Lloyd’s expands risk capacity for SageSure’s catastrophe-exposed property insurance solutions.

JERSEY CITY, N.J.--(BUSINESS WIRE)--SageSure, one of the largest managing general underwriters in the US focused on catastrophe-exposed markets, today announced its approval as an official Coverholder and Delegated Claims Administrator (DCA) by Lloyd’s of London (“Lloyd’s”), the world’s leading marketplace for insurance and reinsurance.

As a Coverholder, SageSure will now underwrite policies issued by Trium Syndicate 1322 at Lloyd’s, rated “A+” (Superior) by AM Best. Under the binding authority agreement, SageSure will build a portfolio focused on homeowners business in catastrophe-exposed markets.

“Becoming a Lloyd’s Coverholder and Delegated Claims Administrator is a significant milestone for SageSure,” said Terrence McLean, President and CEO of SageSure. “We are excited to partner with Trium Syndicate 1322 at Lloyd’s with the approval of a marketplace our producers and policyholders trust.”

The binding authority granted as a Coverholder enhances operational capabilities and enables significant expansion in capacity backed by the global reputation and financial strength of Lloyd’s. In addition to its role as Coverholder, SageSure’s DCA status enhances the delivery of sophisticated claims experiences to the benefit of syndicates and policyholders.

Dave Rock, Trium Chief Claims Officer, said, “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.”

“Our partnership with SageSure brings together deep underwriting expertise and broad market access, enabling us to expand and diversify our catastrophe property portfolio,” said Brandon Beauregard, Trium’s Chief Underwriting Officer for Property. “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.”

SageSure’s new homeowners program issued by Trium Syndicate 1322 at Lloyd’s is now available in Louisiana, New York, North Carolina, South Carolina, and Texas.

About SageSure

SageSure is one of the largest managing general underwriters focused on catastrophe-exposed property in the US. Dedicated to serving producers and carrier partners, SageSure provides highly differentiated residential and commercial solutions, innovative service and claims management, and market-leading buying experiences. A leader in catastrophe risk underwriting and exposure management, SageSure operates in 16 states, protects more than 890,000 policyholders, and manages more than $2.6 billion of inforce premium. To learn more, visit sagesure.com.