SageSure makes strategic investment in Pillar Capital Management
1 report, 1 independent
Updated Mon 00:00
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What happened
SageSure, a catastrophe-focused MGU, made a strategic investment in Pillar Capital Management, a Bermuda-based insurance-linked securities fund manager. SageSure will provide Pillar with its risk-level insights, analytics, and technology. Financial terms and the size of the stake were not disclosed.
Why it matters
The investment connects Pillar’s reinsurance underwriting and institutional investor relationships to SageSure’s platform. This move is intended to broaden SageSure’s capabilities across the property catastrophe value chain and link its underwriting with a wider range of capital sources.
Who's involved
- Jersey CityNot involved in the transaction
- James SolomonNot involved in the transaction
- city councilNot involved in the transaction
- New JerseyNot involved in the transaction
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The entities involved
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Jersey City
city in New Jersey, United States