Auros and Elevate secure $150mn Gateway Re cat bond coverage
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Auros and Elevate secure $150mn Gateway Re cat bond coverage

The bond upsized by around 20% as pricing settled 2% below initial guidance at 7%.

By Samuel Casey
March 24, 2025
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stack of one hundred dollars notes

US reciprocals Auros and Elevate have secured $150mn in Gateway Re cat bond coverage, upsizing by around 20% from the deal’s initial target of $125mn.

The

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Catastrophe bonds News Property treaty Capital raising US Southeast/Gulf
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