SURE offers capacity in California

SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned coastal insurer, in partnership with SageSure, an MGU focused on catastrophe-exposed markets, announced the launch of its surplus lines homeowners insurance in California, making SURE one of the first Demotech-rated insurers in the state to offer this product.

SURE has earned a Financial Stability Rating of A, Exceptional, from Demotech, a nationally recognized statistical rating organization specializing in evaluating the financial stability of independent, regional, and specialty insurers.

“California’s residual market has nearly doubled in recent years, illustrating the gap left by private insurers and the need for financially stable, reliable coverage options. SURE was built to bring innovative solutions where they are needed most. We look forward to serving this state for years to come.” – Ed Konar, President of SURE.

“SageSure’s producer partners are on the front lines of a rapidly changing market, and our role is to help them succeed despite the volatility. SageSure has served the California market since 2013 and is uniquely positioned to respond to the strong demand for both Demotech-rated capacity and surplus lines solutions in the state. Our partnership with SURE and our expertise in catastrophe-exposed markets enable us to develop the products our producers want to sell.” – Terrence McLean, CEO of SageSure.