SageSure Gains Lloyd’s Coverholder Status to Expand Catastrophe Homeowners Insurance

SageSure, a prominent managing general underwriter (MGU) specializing in catastrophe-exposed markets, has been approved as an official Coverholder and Delegated Claims Administrator (DCA) by Lloyd’s of London.

This approval authorizes SageSure to underwrite policies on behalf of Trium Syndicate 1322, which holds an A+ (Superior) rating from AM Best. SageSure's new binding authority focuses on building a homeowners insurance portfolio targeting markets vulnerable to catastrophic risks, leveraging Lloyd’s financial backing and global market presence to enhance operational capacity.

In its expanded role, SageSure will not only underwrite policies but also manage claims as a Delegated Claims Administrator, aiming to improve claims handling efficiency and sophistication for both syndicates and policyholders. This dual role highlights Lloyd’s strategy of delegating authority to expert MGUs to better serve specialized risk segments such as catastrophe-exposed homeowners insurance.

The SageSure homeowners program under Trium Syndicate 1322 is currently available in key states including Louisiana, New York, North Carolina, South Carolina, and Texas, regions known for heightened catastrophic risk exposure. This geographic expansion aligns with industry trends where coverholders focus on high-risk but high-demand markets to provide tailored insurance solutions backed by Lloyd’s robust capital and reputation.

The designation of Lloyd’s Coverholder status to U.S.-based firms like SageSure is part of a growing trend among managing general agents (MGAs) and insurtech companies seeking access to Lloyd’s global capacity, credibility, and regulatory framework. Recent appointments include digital insurer Roamly, which targets on-demand mobility products, and Motion Specialty, which underwrites high-value homes and flood insurance using data-driven approaches.

Emerging sectors such as cryptocurrency insurance are also leveraging the Lloyd’s delegated authority model, as illustrated by Blockchain Deposit Insurance Corp. (BDIC), which is pursuing Coverholder status to develop policies for digital wallets and cryptocurrencies. This reflects Lloyd’s capacity to support innovation in new, specialized risk areas through partnerships with expert MGUs and insurtech firms.

For insurance brokers and intermediaries, these partnerships with Lloyd’s Coverholders represent expanded access to specialty lines, increased underwriting capacity, and innovative risk solutions tailored to catastrophe, flood, and technology-driven exposures. The trend reinforces the importance of delegated authority arrangements in enhancing market responsiveness and product flexibility.

Overall, SageSure’s approval as a Lloyd’s Coverholder and Delegated Claims Administrator signals continued growth in delegated authority models within the U.S. property catastrophe insurance market, driven by demand for specialized underwriting expertise, regulatory compliance, and operational efficiency backed by a globally recognized insurer.