JERSEY CITY, N.J.–(BUSINESS WIRE)–SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced Peter Hearn has been appointed to the SageSure Board.
Hearn is a seasoned executive with nearly four decades of experience in the global insurance and reinsurance sector, most recently as the Vice Chair of Marsh McLennan and Chief Executive Officer of Guy Carpenter & Company, LLC. Previously, 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.”
The announcement comes after years of exceptional growth for SageSure, driven in part by the company’s sophisticated approach to risk capital. To date, SageSure has supported underwriting partners in securing more than $3.5 billion in risk capital through both insurance-linked securities (ILS) and traditional reinsurance markets, enabling the company to serve more than 650,000 policyholders.
“I am honored to join the Board and to collaborate with SageSure’s talented leadership team on actualizing the company’s vision,” Hearn said. “What the team has achieved is incredible, and I look forward to contributing to the next phase of SageSure’s growth.”
About SageSure
SageSure is the managing general agent specializing in coastal residential and commercial property insurance. SageSure offers more than 50 competitively priced insurance products in 14 coastal states on behalf of its carrier partners, serves more than 650,000 policyholders, and has more than $1.9 billion of inforce premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. For more information, visit sagesure.com.
