GeoVera’s Forney: Bifurcation deal with SageSure and SafePort is “win-win-win-win”
The move to sell GeoVera’s underwriting business to SageSure and combine its carrier operations with SafePort is a “win-win-win-win” transaction, CEO John Forney has said, while his counterpart Terry McLean noted it will add deep quake expertise to the MGA he runs, and create synergies around capital and reinsurance.