Gateway Re Ltd. (Series 2026-1)

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Gateway Re Ltd. (Series 2026-1) – At a glance:

Issuer: Gateway Re Ltd.
Cedent / sponsor: SureChoice Underwriters Reciprocal Exchange, Elevate Reciprocal Exchange, SafeChoice Insurance Company
Placement / structuring agent/s: Swiss Re Capital Markets is sole structuring agent and bookrunner
Risk modelling / calculation agents etc: AIR Worldwide
Risks / perils covered: US named storm, earthquake, severe thunderstorm, winter storm, wildfire
Size: $765m
Trigger type: Indemnity
Ratings: NR
Date of issue: Feb 2026

Gateway Re Ltd. (Series 2026-1) – Full details:

This Gateway Re Ltd. Series 2026-1 catastrophe bond issuance is set to be the twelfth in the Gateway Re cat bond series, which are all issued to provide capital markets backed reinsurance to protect a range of underwriting entities owned by or linked to coastal property managing general underwriter (MGU) SageSure.

This new Gateway Re Series 2026-1 catastrophe bond launches with an initial target for $765 million of broad-based multi-peril reinsurance protection, at which size this would be the largest cat bond in the Gateway Re series if successfully placed, while it is also the broadest in terms of peril and regional protection as well.

Details to follow…

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