Anthony R. O’Donnell // February 28, 2025 
(Image source: SURE 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, has announced the close of the Gateway Re Series 2025-1 catastrophe bond at $520 million, the franchise’s largest issuance to date.
Terrence McLean, President and CEO, SageSure.
At a nearly 27 percent upsize from its initial $410 million target, the ninth issuance in the Gateway Re series achieved pricing approximately 10 percent lower