SageSure and SURE Close Record-Breaking $670m Cat Bond

SageSure and SURE close record-breaking $670m cat bond

SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed property in the US, and SureChoice Underwriters Reciprocal Exchange (SURE), a member-owned reciprocal exchange, have successfully closed the Gateway Re Ltd. Series 2026-1 catastrophe bond. The transaction closed at an original principal amount of $670 million, marking the franchise’s largest issuance to date. This landmark deal has propelled SageSure into the position …

SageSure moves up to third in our cat bond sponsor leaderboard, as largest Gateway Re closes - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. SageSure, the fast-growing catastrophe-exposed property specialist MGU, has now moved up to third in the Artemis catastrophe bond sponsor leaderboard, with just over $3.1 billion in risk capital outstanding across cat bonds for related underwriting entities, thanks to the closing of its largest $670 million Gateway Re Ltd. (Series 20…