Curated News
By: NewsRamp Editorial Staff
July 11, 2025
SageSure and Partners Secure $100M Catastrophe Bond in Record Time
TLDR
- SageSure and its partners secured a $100 million catastrophe bond, enhancing their position as a top global sponsor and offering strategic advantages in reinsurance programs.
- The Gateway Re Series 2025-3 catastrophe bond was closed at $100 million, providing hurricane season protection for Auros and Elevate in several states, with Swiss Re Capital Markets facilitating the transaction.
- This catastrophe bond issuance by SageSure and its partners strengthens protection against peak perils, ensuring greater safety and resilience for communities in catastrophe-exposed states.
- SageSure's latest catastrophe bond deal not only marks its eleventh issuance but also showcases investor confidence with lowered and narrowed price guidance.
Impact - Why it Matters
This news is significant as it underscores the growing role of insurance-linked securities (ILS) in providing financial resilience against natural disasters. For homeowners in hurricane-prone areas, the successful issuance of this catastrophe bond means enhanced protection and stability, ensuring that insurers like Auros and Elevate can continue to offer coverage even in the face of catastrophic events. It also reflects investor confidence in innovative risk management solutions, which is crucial for the sustainability of insurance markets in high-risk regions.
Summary
SageSure, alongside its carrier partners Auros Reciprocal Insurance Exchange and Elevate Reciprocal Exchange, has successfully closed the Gateway Re Series 2025-3 catastrophe bond at $100 million, marking a significant achievement in nearly half the usual placement time. This milestone not only cements SageSure's position as the seventh top catastrophe bond sponsor globally but also highlights the strong investor confidence in the Gateway Re franchise, as evidenced by the lowered and narrowed price guidance. The issuance, which brings the cumulative notional limit to over $2.1 billion, provides crucial protection for cedants Auros and Elevate against peak perils in hurricane-prone states such as Louisiana, Mississippi, South Carolina, and Texas.
Terrence McLean, President and CEO of SageSure, emphasized the strategic importance of ILS markets in their reinsurance programs, thanking investors for their support in enhancing protection and capacity in catastrophe-exposed areas. Travis Lewis of Auros and Ed Konar of Elevate echoed this sentiment, expressing gratitude for the ILS market's confidence and the positive impact on their programs and policyholders. Swiss Re Capital Markets played a pivotal role as the sole structuring agent and bookrunner, with CEO Jean-Louis Monnier praising the investor trust in SageSure's underwriting and risk management approach.
For more details on SageSure's innovative solutions and market leadership, visit sagesure.com, and to learn about Auros and Elevate's offerings, check out aurosins.com and elevatein.com.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, SageSure and Partners Secure $100M Catastrophe Bond in Record Time
