Anthony R. O’Donnell // April 24, 2024 
(Image source: SageSure homepage.)
SageSure (Jersey City, N.J.), one of the largest managing general underwriters focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (SURE, Houston), a policyholder-owned reciprocal exchange, have announced the close of the Gateway Re 2024-2 second and subsequent event catastrophe bond at $130 million, with pricing 75 bps tighter than the mid-point of the initial price guidance. With this latest transaction, SageSure-supported catastrophe bonds issued by Gateway Re represent $1.16 billion in risk capital, according to a statement from the company.
