SageSure, a leading managing general underwriter (MGU), has announced a new partnership with Auros Reciprocal Insurance Exchange to offer improved homeowners’ insurance solutions in the states of Louisiana and Mississippi.
The move is aimed at addressing high demand and limited availability in these regions.
The goal is to expand SageSure’s product offerings for both producers and policyholders across the Gulf and Southeast areas, where homeowners’ insurance options remain scarce.
The company aims to provide consistent and reliable insurance solutions in areas prone to natural disasters, fulfilling its commitment to supporting underserved markets.
It sponsors multiple insurance offerings and reciprocal exchanges, specifically designed to meet the needs of regions exposed to high levels of risk.
Auros Reciprocal Insurance Exchange is a property insurance provider domiciled in Mississippi, structured as a reciprocal insurance exchange.
Unlike traditional insurers, it is owned by its policyholders, offering a customer-centric approach that emphasises alignment between members’ needs and operational strategies.
This model is designed to optimise outcomes for all stakeholders, including policyholders and distribution partners.
With this partnership, SageSure reinforces its position in the insurance market while bringing needed capacity to underserved regions in the Gulf and Southeast.
“SageSure is excited to include Auros among its highly rated insurance carrier partners,” SageSure President and CEO Terrence McLean said. “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.”
Ed Konar, President of Auros Risk Management, expressed appreciation for the collaboration, stating, “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.”
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