Gateway Re Ltd

SageSure is now targeting slightly reduced pricing for its latest catastrophe bond, with the target remaining to secure $100 million or more in U.S. named storm reinsurance, from the Gateway Re Ltd. (Series 2025-3) issuance, that will protect the Aurous and Elevate reciprocal exchanges, Artemis has learned.

SageSure is back in the catastrophe bond market for the third time this year, with a new Gateway Re Ltd. (Series 2025-3) deal that seeks $100 million or more in U.S. named storm reinsurance to initially protect the Aurous and Elevate reciprocal exchanges, Artemis can report.

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.

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.

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.

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.

Coastal property managing general underwriter SageSure’s CEO said it is “proud to support” its carrier partners, as its largest catastrophe bond transaction yet closes, the $520 million Gateway Re Ltd. (Series 2025-1), while executives also expressed gratitude to the insurance-linked securities (ILS) community for supporting the Gateway Re series.

SageSure has secured its largest catastrophe bond issuance yet as the Gateway Re Ltd. (Series 2025-1)  deal has now been priced to provide the company with $520 million of first and second event US named storm reinsurance protection, while the notes were priced at the bottom of lowered guidance, Artemis has learned.

SageSure now appears to have fixed the target size for its new Gateway Re Ltd. (Series 2025-1) catastrophe bond issuance we are told, with now $520 million of first and second event US named storm reinsurance protection sought from the deal and pricing moving lower for some tranches.

Coastal property managing general underwriter SageSure has raised the target size for its new Gateway Re Ltd. (Series 2025-1) catastrophe bond issuance, with now between $470 million and as much as $555 million of first and second event US named storm reinsurance protection sought.