TheGuarantors, a leading provider of renter risk mitigation solutions for multifamily operators, today announced the expansion of its exposure capacity to $5 billion. With the addition of three new carriers, including Hudson Insurance Group and Trisura, TheGuarantors now partners with 10 carriers and reinsurers. This growth underscores the company’s superior underwriting, loss ratio performance, and operational discipline.
"We're witnessing an unprecedented appetite for our products," said Julien Bonneville, CEO and founder of TheGuarantors. "By strategically balancing carrier partnerships, reinsurance, and our own captive, we've created an unparalleled infrastructure to help address the fact that each year, millions of US renters don’t qualify for the apartment they want. This expanded capacity allows us to continue to drive the establishment of a category that can improve the renting experience for so many more households and operators.”
Christopher Gallagher, CEO of Hudson Insurance Group, added, "Hudson has supported program administrators for over 20 years and we're excited to bring our capacity, financial strength and security to support TheGuarantors’ expansion. We’re eager to help them reshape the landscape of risk management in residential real estate and believe they have a unique formula, based on their platform and people, to achieve success."
TheGuarantors' products create value across the real estate ecosystem, offering enhanced protection for landlords, better access for renters, and sustainable exposure for insurance carriers. The company’s approach and growth has secured a position on the Inc. 5000 list of fastest-growing companies for four straight years.
The multifamily sector has seen skyrocketing operating expenses over the last few years, putting a major strain on operating income and driving downward pressure on property values. With an estimated $15B lost annually by operators from rent defaults alone, TheGuarantors will leverage its increased capacity to offer more landlords the tools they need to reduce losses and safeguard profitability in a challenging market environment.