SageSure, a Jersey City-based managing general underwriter in catastrophe-exposed insurance markets, announced it has entered a definitive agreement to acquire Gemini Financial Holdings Corporation and its subsidiaries, including Olympus MGA Corp. This acquisition will significantly enhance SageSure’s presence in the Florida property insurance market, particularly within the mass-affluent homeowners segment.
The strategic move will combine the portfolios of both companies, resulting in a total of approximately 130,000 inforce policies and $700 million in gross written premium across Florida.
“It takes extreme discipline, strategy, and differentiation to succeed in the Florida market of the last several years as Olympus has,” Terrence McLean, president and CEO of SageSure said. He noted that Olympus’s success in a complex market, even before recent legislative changes, makes it a strong strategic fit for SageSure.
Olympus MGA serves as the managing general agent for Olympus Insurance Company, which specializes in providing property insurance to higher-value homes in Florida. In a related transaction, Valence Insurance Holdings, a parent company of some of SageSure’s carrier partners, will acquire Olympus Insurance and its reinsurer, Radiant, Ltd.
Tim Stroble, CEO of Olympus, expressed excitement about the new chapter, stating that the partnership with SageSure will “further enhance Olympus’ performance, growth, and stability in one of the most complex insurance markets in the US.”
The acquisition is expected to close in the first quarter of 2026, pending regulatory approvals.
