SageSure and its carrier affiliates have completed the Gateway Re Series 2025-3 catastrophe bond issuance, raising $100 million.\nThe deal closed in under half the typical placement timeframe, contributing to a cumulative notional limit of more than $2.1 billion across the Gateway Re series.\nWith this latest transaction alongside Auros Reciprocal Insurance Exchange and Elevate Reciprocal Exchange, SageSure announced that it is now ranked as the seventh-largest catastrophe bond sponsor globally in terms of total notional outstanding.\nThe 2025-3 issuance follows Auros' first catastrophe bond deal in April and was met with strong investor participation.\nThe Class A notes from Gateway Re 2025-3 provide single-season hurricane coverage for Auros and Elevate across Louisiana, Mississippi, South Carolina, and Texas.\nTerrence McLean (pictured above), president and CEO of SageSure, said the catastrophe bond program reflects the value of insurance-linked securities (ILS) markets.\n\"We are grateful for the investor support that enables greater protection against peak perils and greater capacity in the catastrophe-exposed states we serve,\" McLean said.\nTravis Lewis, CEO of Auros Risk Management, said the deal bolsters protection for its programs and policyholders.\n\"We are grateful for the ILS market’s confidence and look forward to the responsible growth this issuance will support,\" Lewis said.\nSwiss Re Capital Markets acted as sole structuring agent and bookrunner. Jean-Louis Monnier, CEO of Swiss Re Capital Markets Corporation, said the investor response reflects ongoing trust in the underwriting and risk management approach.\nThe Gateway Re 2025-3 transaction is the eleventh installment in the series, which began in 2018. Over time, the series has become a central part of SageSure’s catastrophe risk financing strategy.\nThe 2025-3 issuance also builds on SageSure’s earlier activity this year, including the $520 million Gateway Re 2025-1 issuance – the largest to date in the series – and the $150 million Gateway Re 2025-2 transaction.

SageSure's Gateway Re series tops $2.1 billion with latest cat bond issuance

SageSure and its affiliates completed the Gateway Re Series 2025-3 catastrophe bond issuance, raising $100 million and contributing to a cumulative notional limit of over $2.1 billion. The deal, which closed quickly, positions SageSure as the seventh-largest global catastrophe bond sponsor. The transaction, supported by investor participation, provides hurricane coverage for Auros and Elevate in the U.S. states of Louisiana, Mississippi, South Carolina, and Texas.