Having completed its new Gateway Re Ltd. (Series 2023-1) catastrophe bond transaction at a 78% upsized $355 million, coastal property insurance underwriting group SageSure, its SureChoice Underwriters Reciprocal Exchange (SURE) and facilitator Swiss Re have all hailed the fact this is the largest cat bond deal since hurricane Ian struck.
Read the full article
Coastal property insurance underwriter SURE appears to have been very well-received in the catastrophe bond market for its second issuance, upsizing its proposed $200 million Gateway Re Ltd. (Series 2023-1) transaction by roughly 78%, to secure $355 million of named storm reinsurance protection from the capital markets.
Read the full article
Coastal property insurance underwriter SURE has returned to the catastrophe bond market for a second time, seeking to secure $200 million or more in expanded US named storm reinsurance from a new Gateway Re Ltd. (Series 2023-1) transaction.
Read the full article
