Managing general underwriter SageSure Holdings LLC and member-owned SureChoice Underwriters Reciprocal Exchange recently closed a $670 million Gateway Re Ltd. Series 2026-1 catastrophe bond, the largest issuance to date from the Gateway Re program. The new notes build on a $520 million Gateway Re 2025-1 transaction that initially provided named-storm coverage and broaden the peril base to include earthquakes, severe thunderstorms, winter storms, and wildfires across all eligible states for SURE, Elevate Reciprocal Exchange, and SafeChoice Insurance Co.
