Coastal property managing general underwriter, SageSure, has hailed the structure of its latest catastrophe bond issuance, the $60 million county-weighted Gateway Re Ltd. (Series 2024-4) transaction, and expressed gratitude to the insurance-linked securities (ILS) investor base for its continued support.
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SageSure, the coastal property managing general underwriter, has lifted the target for its second county-weighted industry-loss trigger catastrophe bond, with now $60 million of hurricane protection sought from the issuance of Gateway Re Ltd. (Series 2024-4) notes.
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SageSure, the coastal property managing general underwriter, is back in the catastrophe bond market seeking county-weighted industry-loss trigger coverage for named storm and hurricane risks for a second time, with a currently $50 million Gateway Re Ltd. (Series 2024-4) issuance.
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