SageSure partners with Auros

SageSure, an MGU focused on catastrophe-exposed markets, announced an exclusive partnership with Auros Reciprocal Insurance Exchange to bring homeowners solutions to Louisiana and Mississippi.

The launch of Auros marks the third reciprocal exchange sponsored by SageSure, following the introduction of SureChoice Underwriters Reciprocal Exchange and Elevate in 2021 and 2022, respectively. Auros will enable SageSure to provide homeowners products for producers and policyholders throughout the Gulf and Southeast.

Auros received its certificate of authority in Mississippi earlier this year and has $25 million in initial policyholder surplus.

Ed Konar, a seasoned insurance industry executive with more than 40 years of experience, has joined as the President of Auros Risk Management, LLC, the attorney-in-fact that manages operations of the reciprocal exchange. Rich Swartz joins the AIF as Treasurer.

Auros has secured a Financial Stability Rating® of A, Exceptional, by Demotech, Inc., and its HO3 and HO5 policies in Mississippi and Louisiana are now available only through SageSure. For more information, visit aurosins.com.

“SageSure is excited to include Auros among its highly rated insurance carrier partners. Auros introduces much-needed capacity to Louisiana and Mississippi where demand for homeowners solutions is high and options are limited. With the launch of Auros, SageSure can continue to deliver on its promise to provide consistent, reliable products for producers while diversifying premium growth.” – Terrence McLean, President and CEO of SageSure.

“As a member-owned insurance company, Auros is customer-centric by design. We make every decision with our policyholders’ best interests in mind. We believe that alignment of interest creates better outcomes for members, partners, and the markets we serve. We’re grateful to SageSure and the Mississippi Insurance Department for their partnership in bringing Auros to the market.” – Ed Konar, President of Auros Risk Management.