Full-Time
Ceded Reinsurance Manager
SageSure
501-1,000 employees
Underwrites high-risk coastal homeowners and businesses
No salary listed
Chicago, IL, USA
Hybrid
Hybrid role; the posting does not specify the required number of in-office days.
Bachelor's
 Finance & Banking (1) |
|---|
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- 2–5 years of experience at a reinsurance broker, reinsurer, buyer of reinsurance, or similar, with hands-on exposure to placements and capital solutions.
- Demonstrated ability to lead complex reinsurance placements from start to finish, including planning, execution, and follow-up.
- Strong organizational and project management skills, with the ability to prioritize multiple workstreams, track deadlines, and manage stakeholders effectively.
- Excellent analytical capabilities, sound business judgment, and a strategic mindset.
- Strong PowerPoint and Excel skills, including data analysis, exhibit creation, and presentation formatting.
- Exceptional attention to detail, including the ability to take and organize comprehensive notes and maintain accessible records for senior leadership.
- Confidence to independently manage challenging assignments while collaborating effectively with internal teams and external partners.
- A bachelor's degree.
- Support some and lead other end-to-end reinsurance placements, including strategy, execution, and follow-through with brokers, internal teams, and executive leadership.
- Coordinate catastrophe bond and sidecar diligence efforts, managing requests and facilitating collection and delivery of Agreed-Upon Procedures and supporting documentation to external legal counsel.
- Support internal and affiliated captive mandates, as well as risk transfer and capital strategies, ensuring alignment with corporate objectives.
- Partner with Carrier Partners, including coordinating with Carrier Presidents and Underwriting Oversight Committees, to communicate strategy, placement structure, and results.
- Develop renewal marketing presentations, workbooks, and supporting materials for reinsurance markets, including collecting and validating required data.
- Maintain comprehensive documentation of reinsurance and third-party capital transactions, and build a Ceded Reinsurance Center of Excellence to centralize key records, facilitate document sharing, and ensure internal and external access to critical materials.
- Track meeting materials, notes, action items, and next steps for broker and market meetings, coordinating scheduling and follow-up.
- Collaborate cross-functionally with underwriting, claims, finance, legal, and other internal teams to ensure proper application and operational understanding of reinsurance contracts.
- Track and report on reinsurer participation and support across SageSure programs, including limits placed across reinsurance towers.
- Perform ad hoc analysis, reporting, and special projects in support of reinsurance placements and broader strategic initiatives.
- A degree in actuarial science, finance, economics, or another quantitative discipline.
- Experience with contracts, including review, execution, or operational application of reinsurance agreements.
- Relevant professional certifications such as the Associate in Reinsurance, Chartered Property Casualty Underwriter, or similar designations.
- Experience building processes or knowledge management systems, or other document and data repositories for internal and external stakeholders.
SageSure provides homeowners and small business insurance in high-risk coastal areas that traditional insurers often overlook. It offers tailored insurance products for underserved markets and relies on experienced professionals in underwriting, product development, sales, technology, and customer service to serve these clients. The company uses data analytics and risk assessment to price policies competitively while maintaining quality coverage, achieving profitability through underwriting premiums. SageSure’s goal is to ensure reliable, affordable protection for customers in coastal risk zones by focusing on niche markets, expert guidance, and personalized service rather than generic coverage.
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$1.7B
Headquarters
Jersey City, New Jersey
Founded
2009
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Simplify's Take
What believers are saying
- Seawall Re II secures $200 million and roughly $7 billion first-event limit for 2026.
- John Sence's December 2025 hiring accelerates producer growth and distribution expansion.
- Auros and Louisiana fire-prevention programs strengthen retention, cross-sell, and loss prevention economics.
What critics are saying
- Hurricane Ian-style losses can overwhelm quota shares and erase underwriting gains within one season.
- MapleSage's June 2026 trademark suit shows brand-copying threats and online trust leakage.
- Integration of Olympus and Valence expands execution risk across Florida operations through 2026.
What makes SageSure unique
- SageSure dominates catastrophe-exposed residential underwriting, closing Seawall Re II in March 2026.
- Its ILS machine attracted $250 million sidecar capital in under a year.
- January 2026 Olympus acquisition deepened Florida distribution, adding 1,500 independent agents.
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Benefits
Fully stocked cafés with free snacks and beverages
Lounges with shuffleboard, billiards and board games
Access to in-office gyms
Organized and ad hoc social events
Medical (HSA, EPO, PPO)
Dental
Vision
401(k) with company match
Profit-sharing bonus program
Life insurance
Short-term and long-term disability
Up to 160 hours of paid time off per year, plus floating holidays
Paid holidays
8 hours of volunteer time off per year
Gym reimbursement
Tuition reimbursement toward education, licensing and certifications
Employee assistance program with access to free and confidential counseling
Growth & Insights and Company News
6 month growth
↑ 10%1 year growth
↑ 10%2 year growth
↑ 1%Mercury, Olympus partner on bundled auto-home coverage in Florida. Mercury Insurance (NYSE: MCY) and Olympus Insurance announced May 7 a joint program that lets independent agents in Florida bundle Mercury auto coverage with qualifying Olympus homeowners policies, with eligible customers receiving a 10% discount on the Mercury auto policy and a 10% discount on the Olympus homeowners policy. The program pairs Mercury, which currently writes auto insurance in Florida, with Olympus, a Florida-focused homeowners carrier that became part of the SageSure family of companies after SageSure closed its acquisition of Gemini Financial Holdings Corp. and the Olympus subsidiaries on Jan. 2. The bundled offering adds another auto-and-home option in
SageSure scales Seawall Re sidecar franchise; secures $200 million in reinsurance. Business Wire Expanded sidecar platform reinforces SageSure's market leadership in bridging institutional capital and high-quality catastrophe risk. JERSEY CITY, N.J., March 10, 2026-(BUSINESS WIRE)-SageSure, the largest residential property MGU in the US specializing in catastrophe-exposed markets and a top global sponsor of catastrophe bonds, today announced the close of its second reinsurance sidecar transaction with Seawall Re II Ltd. ("Seawall Re II"), securing $200 million in capital. In conjunction with its carrier partners, SageSure programs are expected to secure approximately $7 billion of first event reinsurance limit in 2026. Including the debut Seawall Re transaction in July 2025, the SageSure-sponsored sidecar platform has now secured $250 million in less than a year. This rapid expansion underscores SageSure's pioneering role in the convergence of reinsurance capital and capital markets in the catastrophe risk space, a strategic priority as the company continues to mature the insurance-linked securities (ILS) asset class for institutional investors. "SageSure is committed to building long-term investor relationships, and Seawall Re II is a direct reflection of that commitment," said Terrence McLean, President and CEO of SageSure. "We believe that the future of catastrophe risk management lies in the ability to provide investors with a transparent, data-driven gateway to profitable underwriting results. We look forward to continuing to build investor trust with high-quality data, proactive reporting, and sustained outperformance." This transparency facilitates a quota share structure that creates alignment between capital providers, SageSure, and SageSure's underwriting partners SURE, Elevate, SafeChoice, Auros, Interboro, and GeoVera Nova. Carrier partners benefit from incremental catastrophe capacity and reduced net risk positions, while capital providers gain access to a well-priced, well-managed, and diversified catastrophe risk portfolio. GC Securities, a division of MMC Securities LLC, acted as the sole structuring and placement agent for the sidecar transaction. Willkie Farr & Gallagher LLP served as deal counsel. "We're proud to have partnered with SageSure on the Seawall Re platform since its inception," said Liam Martens, Managing Director of GC Securities, a division of MMC Securities LLC. "The strong investor response signals SageSure's differentiated approach to catastrophe risk management is highly attractive to the capital markets. We look forward to building on this momentum as the Seawall Re franchise scales."
People moves: Delos Insurance promotes, hires leadership team members. February 26, 2026 Delos Insurance Solutions made several promotions and appointments within its leadership team Co-founder Shanna McIntyre will move from chief data officer to become chief strategy officer, and Andrew Notohamiprodjo was promoted from head of data to chief data officer. Valencia Jones joins as head of Delos' brokerage distribution from Nationwide where she was associate vice president of sales. Jones is responsible for leading Delos field and internal sales managers and oversees large brokerage and aggregator relationships. Alexandra Howe is Delos' new director of carrier and enterprise relationships. She moves from Goosehead Insurance where she was carrier performance manager. Howe is responsible for leading the growth and performance of Delos' carrier and large account relationships. Lorenzo Houston has joined as compliance manager from SageSure where he was director of personal lines. Delos is headquartered in San Francisco, California. Was this article valuable? Interested in leadership? Get automatic alerts for this topic.
SageSure has entered into a definitive agreement to acquire Gemini Financial and its subsidiaries, including Olympus MGA, the managing general agent for
JERSEY CITY, N.J.--(BUSINESS WIRE)--Jul 29, 2025-- SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and Anchor Re, a captive reinsurance vehicle, have secured $50 million of third-party capital with the debut reinsurance sidecar transaction with Seawall Re Ltd. (“Seawall Re”), a Bermuda-based special purpose insurer (SPI). With the formation of the Seawall Re sidecar, SageSure enables an efficient way for capital market investors to participate in its profitable underwriting results driven by industry-leading catastrophe risk underwriting, claims, and portfolio management. SageSure produces business for multiple carrier partners that cede risk to Anchor Re, resulting in an attractive and stable catastrophe risk profile already insulated by quota share and catastrophe excess of loss (XOL) agreements with Anchor Re. “SageSure is excited to continue diversifying capacity solutions that support our growing underwriting operations in catastrophe-exposed markets,” said Terrence McLean, President and CEO of SageSure. “The sidecar provides extra protection for Anchor Re and our carrier partners while directly connecting third-party capital to a stable risk profile expected to generate positive returns. We are grateful for the strong investor support for this transaction.” With a “losses occurring during” (LOD) quota share structure, the transaction provides retrocessional protection for Anchor Re for the 2025-2026 treaty year. Four of SageSure's carrier partners—SureChoice Underwriters Reciprocal Exchange (“SURE”), SafeChoice Insurance Company (“SafeChoice”), Auros Reciprocal Insurance Exchange (“Auros”), Elevate Reciprocal Exchange (“Elevate”)—benefit from this extra capacity. “The inaugural Seawall Re sidecar transaction is a significant milestone in our partnership with SageSure,” said Travis Lewis, Director of Anchor Re. “SageSure's diligent underwriting and portfolio management have resulted in an appealing risk profile we believe is difficult to replicate. We're grateful for the investor trust in our growth and success.” GC Securities, a division of MMC Securities LLC, acted as the sole structuring and placement agent for the sidecar transaction. “We're proud to have supported SageSure and Anchor Re in the debut Seawall Re sidecar issuance,” said Liam Martens, Managing Director of GC Securities. “The strong execution signals that SageSure's differentiated catastrophe risk underwriting and portfolio management approach resonates with investors.” About SageSure SageSure is one of the largest managing general underwriters focused on catastrophe-exposed property in the US. Dedicated to serving producers and carrier partners, SageSure provides highly differentiated residential and commercial solutions, innovative service and claims management, and market-leading buying experiences. A leader in catastrophe risk underwriting and exposure management, SageSure operates in 16 states, protects more than 850,000 policyholders, and manages more than $2.5 billion of inforce premium. For more information, visit sagesure.com About Anchor Re Founded in 2020, Anchor Re is an Arizona-domiciled captive reinsurer that provides scalable capacity exclusively for SageSure's carrier partners. View source version on businesswire.com: https://www.businesswire.com/news/home/20250729586113/en/ CONTACT: Media Contact:Walker Sands [email protected] KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE SOURCE: SageSure Copyright Business Wire 2025. PUB: 07/29/2025 08:00 AM/DISC: 07/29/2025 08:01 AM http://www.businesswire.com/news/home/20250729586113/en