Acquisition accelerates SageSure’s growth into the mass-affluent homeowners segment in Florida.

SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, announced today that it has entered into a definitive agreement to acquire Gemini Financial Holdings Corporation (“Gemini Financial”) and its subsidiaries, including Olympus MGA Corp. (“Olympus MGA”). Olympus MGA, one of the top underwriting franchises in Florida, is the managing general agent for Olympus Insurance Company (“Olympus Insurance”), a leading Florida property insurer that serves the mass-affluent homeowners segment.

As part of the transaction, Valence Insurance Holdings, the parent company of SageSure’s carrier partners Auros and Interboro Insurance, will acquire Olympus Insurance and captive reinsurer Radiant, Ltd.

The strategic acquisition will enhance SageSure’s position in the Florida property insurance market, resulting in a combined ~130,000 inforce policies, ~$700 million in gross written premium, and a network of ~1,500 independent agents across the state.

“It takes extreme discipline, strategy, and differentiation to succeed in the Florida market of the last several years as Olympus has,” said Terrence McLean, President and CEO of SageSure. “With a management team committed to serving the specific needs of the mass-affluent homeowners segment, a highly differentiated claims experience, and a track record of exceptional financial performance, Olympus is a strong strategic fit for SageSure. What’s even more impressive is that Olympus was able to deliver these results prior to Florida’s recent legislative changes. We look forward to continuing Olympus’ winning strategy together.”

Tim Stroble, CEO of Olympus, said, “Our company’s purpose is to deliver the superior insurance experiences people deserve, and we see that mission reflected in SageSure’s market leadership. We are excited for this new chapter with SageSure that will further enhance Olympus’ performance, growth, and stability in one of the most complex insurance markets in the US.”

SageSure’s existing debt facility with long-standing capital partner Ares Management will expand to support the acquisition.

Goldman Sachs & Co. LLC is serving as exclusive financial advisor to SageSure on the transaction, with Willkie Farr & Gallagher LLP serving as SageSure’s legal counsel.

Evercore Group L.L.C. is serving as exclusive financial advisor to Gemini Financial on the transaction, with Eversheds Sutherland LLP serving as Gemini Financial’s legal counsel.

The transaction is expected to close in the first quarter of 2026, subject to the receipt of required regulatory approvals and other customary closing conditions.

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 Olympus Insurance

Olympus Insurance Company specializes in residential property insurance, insuring residential and investment properties, including homes, condos, rental properties, and personal property. With service, simplicity, and accountability as the company’s core values, Olympus’ mission is to deliver an insurance experience that people deserve by offering customer-focused, comprehensive, and reliable property insurance to Floridians. The company is a wholly owned subsidiary of Gemini Financial Holdings Corporation. For more information, visit olympusinsurance.com.

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