With the recent completion of the eleventh transaction under the Gateway Re series of catastrophe bonds, SageSure now stands at seventh in the Artemis catastrophe bond sponsor leaderboard, something the firm’s CEO Terence McLean hailed in an announcement today.
Commenting on this eleventh cat bond in the Gateway Re series, Terrence McLean, President and CEO of SageSure said, “SageSure’s position as one of the leading global catastrophe bond sponsors demonstrates the strategic role of ILS markets in our carrier partners’ reinsurance programs.”
The company highlighted in its announcement today that, “With more than $2.1 billion in cumulative notional limit including this issuance, the SageSure-supported Gateway Re series has secured SageSure’s spot as the seventh top catastrophe bond sponsor in the world as of this date in terms of total notional outstanding.”
Here, the company is referring to its current standing in the Artemis catastrophe bond sponsor leaderboard.
McLean added, “We are grateful for the investor support that enables greater protection against peak perils and greater capacity in the catastrophe-exposed states we serve.”
This latest Gateway Re 2025-3 catastrophe bonds provides reinsurance protection running across a single hurricane season for cedants Auros and Elevate in the states of Louisiana, Mississippi, South Carolina, and Texas.
The company further noted that it completed this latest cat bond sponsorship in “nearly half the typical placement timeline,” with strong execution and lowered pricing “indicating investor confidence in the Gateway Re franchise.”
Swiss Re Capital Markets acted as the sole structuring agent and bookrunner for the transaction, as it has for previous Gateway Re cat bond deals..
“We are proud to have partnered with SageSure, Auros, and Elevate in the successful execution of the eleventh Gateway Re catastrophe bond issuance,” explained Jean-Louis Monnier, CEO of Swiss Re Capital Markets Corporation. “The overwhelming support from investors for a transaction announced later in the issuance season is a testament to the trust that investors have in SageSure’s differentiated approach to underwriting, claims, and risk management.”
“Auros is honored to partner with SageSure to strengthen the protection of our programs and our policyholders,” added Travis Lewis, CEO of Auros Risk Management. “We are grateful for the ILS market’s confidence and look forward to the responsible growth this issuance will support.”
Ed Konar, President of Elevate Risk Management, also said, “We are excited by the positive response from the investor community to this catastrophe bond placement. Capital markets continue to enhance the resilience of our reinsurance program.”
SageSure and the underwriting entities linked to it, have been beneficiaries of their consistency in the cat bond market, with investors supporting a wide range of deals and structures for the company, helping to bolster their reinsurance and risk management.
As a reminder, you can read all about this new Gateway Re Ltd. (Series 2025-3) catastrophe bond and every other cat bond deal in the Artemis Deal Directory.
