Gateway Re Ltd

A new catastrophe bond is being marketed to source broad, first and second event US named storm reinsurance protection for underwriting entities linked to coastal property managing general underwriter SageSure, with an initial $410 million target for this Gateway Re Ltd. (Series 2025-1) issuance.

SageSure, the catastrophe exposed and coastal property managing general underwriter that has now brought eight Gateway Re catastrophe bonds to market on behalf of its underwriting entity partners, has announced the appointment of former Guy Carpenter CEO Peter Hearn to its Board of Managers.

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.

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.

We’ve learned that the proposed up to $100 million Gateway Re Ltd. (Series 2024-3) named storm catastrophe bond issuance, to provide reinsurance to the SureChoice and Elevate reciprocal exchanges, has been cancelled and won’t be issued in response to current market conditions.

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.

The SureChoice and Elevate reciprocal exchanges, that are linked to expansive coastal MGU SageSure, are back for what will be their third catastrophe bond of the year, seeking another up to $100 million in named storm reinsurance from a Gateway Re Ltd. (Series 2024-3) cat bond issuance.

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.

SageSure, the specialist independent managing general underwriter of property catastrophe exposed insurance, has now procured over $1 billion in catastrophe bond backed reinsurance coverage for its underwriting partners, with the completion of the most recent $250 million Gateway Re Ltd. (Series 2024-1) issuance.