Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Gateway Re Ltd


SURE upsizes new Gateway Re 2023-1 cat bond by 78% to $355m

7th February 2023

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.

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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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