SURE and SafeChoice target $410mn of named storm Gateway Re cat bond coverage
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SURE and SafeChoice target $410mn of named storm Gateway Re cat bond coverage

The bond is split into five tranches, with two notes offered on a zero-coupon basis.

By Jai Singh
January 20, 2025
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storm trim.jpg

SureChoice Underwriters Reciprocal Exchange (SURE) and SafeChoice Insurance Company are seeking $410mn of limit with a new Gateway Re cat bond offering across five tranches of notes.

The

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NewsCatastrophe bondsILS investorsProperty treatyNorth America
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