Swiss Re Insurance-Linked Fund Management

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Gateway Re Ltd. (Series 2022-1)

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SURE secures debut $150m Gateway Re cat bond at top-end pricing

25th April 2022

The first catastrophe bond to be sponsored by coastal property insurance underwriter SURE, or the SureChoice Underwriters Reciprocal Exchange, has now been priced and the company secured its initial target for $150 million of reinsurance from the Gateway Re Ltd. (Series 2022-1) transaction, but the coupon moved to the upper-end of guidance.

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