Gateway Re Ltd. (Series 2024-2)

SageSure, the specialist independent managing general underwriter of property catastrophe exposed insurance, is “grateful for the continued support” it receives from the capital markets as it announces the closing of its second catastrophe bond transaction of the year, the $130 million Gateway Re Ltd. (Series 2024-2).

SageSure linked underwriting partners the SureChoice and Elevate reciprocal exchanges’ have now secured the upsized $130 million of second and subsequent event reinsurance from their latest  Gateway Re Ltd. (Series 2024-2) catastrophe bond issuance.

We’re told that the price guidance has been reduced for SageSure linked SureChoice and Elevate reciprocal exchanges’ new $130 million second and subsequent event  Gateway Re Ltd. (Series 2024-2) catastrophe bond issuance.

Having only just priced a new first-event catastrophe bond, the SageSure linked SureChoice and Elevate reciprocal exchanges are back and already seeking up to $130 million of second and subsequent event named storm reinsurance from a Gateway Re Ltd. (Series 2024-2) cat bond issuance.