Coastal property managing general underwriter, SageSure, has hailed the structure of its latest catastrophe bond issuance, the $150 million Gateway Re Ltd. (Series 2025-2) transaction, with the company’s CEO expressing gratitude towards the insurance-linked securities (ILS) investor base for its continued confidence and support.
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Artemis has learned that SageSure, the coastal property managing general underwriter, has now successfully priced its latest catastrophe bond, securing the 20% upsized $150 million in named storm reinsurance sought from the Gateway Re Ltd. (Series 2025-2) issuance that will protect the Aurous and Elevate reciprocal exchanges.
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SageSure has raised the target size for its latest catastrophe bond market deal, with now up to $150 million of named storm reinsurance sought from the Gateway Re Ltd. (Series 2025-2) issuance that will protect the Aurous and Elevate reciprocal exchanges, Artemis has learned.
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SageSure is back in the catastrophe bond market right on the heels of closing its largest issuance yet, with a new Gateway Re Ltd. (Series 2025-2) deal that seeks $125 million or more in named storm reinsurance to initially protect the Aurous and Elevate reciprocal exchanges, Artemis has learned.
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