SageSure signed a definitive agreement to acquire Gemini Financial Holdings Corp., pulling in a cluster of subsidiaries, including Olympus MGA Corp., a key Florida underwriting platform.
Olympus MGA manages policies for Olympus Insurance Co., a Florida carrier built for the mass-affluent homeowners segment.
As part of the deal, Valence Insurance Holdings—parent of SageSure’s carrier partners Auros and Interboro—will also take over Olympus Insurance and captive reinsurer Radiant Ltd.
The transaction builds SageSure’s weight in Florida’s difficult property insurance space. Combined, the businesses represent around 130,000 active policies, roughly $700mn in gross written premium, and a distribution base of 1,500 independent agents across the state.
Operating in Florida the last few years has required sharp discipline and a very specific strategy
Terrence McLean, SageSure president and CEO
“Olympus fits us strategically, and it achieved results before lawmakers pushed through recent changes in the state’s insurance laws. That speaks volumes,” said Terrence McLean.
No financial terms were disclosed. A company spokesperson didn’t return follow-up requests for comment.
To fund the deal, SageSure will expand its debt facility with capital partner Ares Management. Closing is targeted for the first quarter of 2026, pending regulatory approvals and standard closing conditions.
So, one MGA doubles down on Florida at a time when others are pulling back. SageSure thinks the timing works.
SageSure runs as one of the bigger managing general agents in the United States, with a focus on property insurance in regions that carry heavy catastrophe exposure.
The company was built around technology-driven underwriting and distribution, using data modeling to write risks that traditional carriers often shy away from. Its footprint stretches across multiple coastal and storm-prone states, but Florida has long been a proving ground for the business.
The model leans on partnerships with regional insurers and reinsurance capital, which lets SageSure scale without the same balance sheet constraints that weigh on traditional carriers. It pushes product through independent agents and digital platforms, giving it reach into both mainstream and hard-to-serve markets.
While the company is often tied to property coverage, it has steadily expanded into different personal and commercial lines as its carrier network grew.
Executives frame SageSure’s strategy around building sustainable capacity where coverage has become scarce or too expensive.
In practice, that means designing insurance programs that blend catastrophe risk management with investor-backed capital structures. It’s not a conventional insurer, and that distinction has become more visible as volatility in places like Florida forces some competitors to shrink or leave entirely. SageSure’s bet has been to stay, and in many cases, double down.
