TheGuarantors expands insurance capacity

TheGuarantors, which offers lease guarantee and renters insurance, announced the expansion of its exposure capacity to $5 billion.

With the addition of three new carriers, including Hudson Insurance Group and Trisura, TheGuarantors now partners with 10 carriers and reinsurers.

“We’re witnessing an unprecedented appetite for our products. By strategically balancing carrier partnerships, reinsurance, and our own captive, we’ve created an unparalleled infrastructure to help address the fact that each year, millions of U.S. renters don’t qualify for the apartment they want. This expanded capacity allows us to continue to drive the establishment of a category that can improve the renting experience for so many more households and operators.” – Julien Bonneville, CEO and founder of TheGuarantors.

“Hudson has supported program administrators for over 20 years and we’re excited to bring our capacity, financial strength and security to support TheGuarantors’ expansion. We’re eager to help them reshape the landscape of risk management in residential real estate and believe they have a unique formula, based on their platform and people, to achieve success.” – Christopher Gallagher, CEO of Hudson Insurance Group.