The transaction, led by Lexington Partners with additional support from Barings and Round2 Investment Partners, underscores a long-term commitment to SageSure’s platform. Since Flexpoint’s initial investment in May 2023, the insurer has scaled its operations to manage $3.2 billion in written premiums, protecting nearly one million policyholders across 16 states. This growth trajectory included the strategic acquisitions of GeoVera and Olympus, which strengthened SageSure’s footprint in catastrophe-exposed residential markets.

Dominic Hood, Managing Director at Flexpoint, credited the firm’s success to a combination of disciplined underwriting and the ability to deliver innovative solutions in coastal regions. For SageSure leadership, the deal provides a stable capital base for future expansion. Terrence McLean, President and CEO of SageSure, noted that the infusion of capital arrives as the company seeks to bring further stability to markets facing rising climate-related risks. Jefferies LLC acted as financial advisor to Flexpoint during the negotiations, with legal counsel provided by Kirkland & Ellis LLP.