The Chief Executive Officers (CEOs) of both SageSure and SafePort Insurance Company have highlighted strong insurance-linked securities (ILS) investor support for the recently completed Gateway Re II Ltd. (Series 2023-1) catastrophe bond, which provides SafePort and SafeChoice Insurance Company with $125 million of capital markets-backed named storm reinsurance protection.
Read the full article
SafePort Insurance Company and SafeChoice Insurance Company, two carriers linked to coastal property managing general underwriter SageSure, have now secured $125 million of named storm reinsurance protection with their debut Gateway Re II Ltd. (Series 2023-1) catastrophe bond.
Read the full article
The Gateway Re II Ltd. (Series 2023-1) catastrophe bond, that will provide its reinsurance protection to two more of the insurance carriers linked to coastal property managing general underwriter SageSure, is set to upsize to $125 million, while its pricing has tightened towards the lower-end of guidance.
Read the full article
We’ve learned that a new catastrophe bond has been launched that aims to provide its reinsurance protection to two more of the insurers linked to coastal property managing general underwriter SageSure, with a $100 million or greater target set for the Gateway Re II Ltd. (Series 2023-1) cat bond issuance.
Read the full article
