Anthony R. O’Donnell // April 15, 2025 
(Image credit: Matt Paul Catalano/Unsplash.)
SageSure (Jersey City, N.J.), a managing general underwriter focused on catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange, a policyholder-owned insurer, have closed the Gateway Re Series 2025-2 catastrophe bond at $150 million. The issuance, upsized by 20 percent from its original $125 million target, is the tenth in the Gateway Re series and places SageSure among the five largest primary catastrophe bond sponsors globally by cumulative limit.
Terrence McLean, President and CEO,