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OverviewAPI
SageSure and SURE have finalized a $250 million catastrophe bond, the Gateway Re 2024-1, offering named storm reinsurance protection for SURE and SageSure's affiliated reciprocal exchange Elevate across various states. The CEOs of both companies emphasized the significance of this bond in supporting underwriting partners and leveraging capital markets. Swiss Re Capital Markets played a pivotal role as the structuring agent and bookrunner, reflecting on the successful placement and investor confidence.

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