SageSure and SURE Secure $670 Million Catastrophe Bond, Largest Gateway Re Issuance to Date
SageSure Holdings, LLC (“SageSure”), the largest residential property MGU in the US specializing in catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a member-owned reciprocal exchange, today announced the successful close of the Gateway Re Ltd. Series 2026-1 catastrophe bond at an original principal amount of $670 million, the franchise’s largest issuance to date. All five tranches priced within initial guidance, signaling strong investor trust in the Gateway Re series.
SageSure and GeoVera Nova Close $200 Million Catastrophe Bond, First Issuance from Meritage Re
SageSure Holdings, LLC (“SageSure”), the largest residential property MGU in the US specializing in catastrophe-exposed markets, and GeoVera Nova Holdings, Inc. (“GeoVera Nova”), a leader in earthquake, wind, and residential and commercial property insurance solutions, today announced the successful close of the inaugural Meritage Re Ltd. Series 2026-1 catastrophe bond at $200 million. The bond was met with strong investor demand, allowing the transaction to price significantly tighter than initial guidance.
