SageSure has raised a $50M funding round to provide insurance to coastal and commercial properties.
Wintrust Financial Corporation led the funding round.
SageSure specializes in offering insurance for properties that have a higher chance of being exposed to natural disasters.
- The company is present in 14 coastal states, serves 400,000 policyholders, and has more than $1B of in-force premium.
- The funding round will be used to boost captive the company's underwriting capacity.
- Since its inception in 2009, the company has raised $550M.
- The company is based in Jersey City, New Jersey.
