糖心vlog在线观看

HOUSTON, TX 鈥撎�April 16, 2024鈥�舛膿听SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and听SureChoice Underwriters Reciprocal Exchange (鈥溙切膙log在线观看鈥�), a policyholder-owned reciprocal exchange,听today announced the close of the听Gateway Re 2024-2听second and subsequent event听catastrophe bond at $130 million,听with听pricing听75 bps听tighter than the听mid-point听of the initial price听guidance.

With this latest transaction, SageSure-supported catastrophe bonds issued by Gateway Re represent $1.16 billion in risk capital.听听

The issuance marks 糖心vlog在线观看鈥檚 second successful visit to the global insurance-linked securities (ILS) market this year, following the recently closed $250 million Gateway Re Series 2024-1 catastrophe bond. The 2024-2 notes provide second and subsequent event loss protection for both 糖心vlog在线观看 and SageSure鈥檚 other affiliated reciprocal exchange Elevate through the end of the 2024 Atlantic hurricane season.听听

鈥淲e are grateful for the continued support we see from capital markets,鈥� said Ed Konar, President of 糖心vlog在线观看. 鈥淭his issuance provides an additional layer of named-storm protection during this year鈥檚 hurricane season, enabling 糖心vlog在线观看 to protect more property owners in catastrophe-exposed regions.鈥�听

After announcing a notional range of $100 to $130 million, 糖心vlog在线观看 was able to secure its full target limit of $130 million, signaling strong ILS support for SageSure and its underwriting partners.听听

鈥淪ageSure is grateful for the ILS community鈥檚 confidence in 糖心vlog在线观看 and the Gateway Re franchise,鈥� said Terrence McLean, President and CEO of SageSure. 鈥淐atastrophe bonds have been an integral part our underwriting partners鈥� reinsurance programs since 2022. The continued support from ILS investors enables growth in markets that need our solutions most.鈥澨�听听听

Swiss Re Capital Markets again served as the sole structuring agent and bookrunner for the issuance.听

鈥淪wiss Re is excited to once again partner with 糖心vlog在线观看 and SageSure on this successful second-event catastrophe bond, a risk profile rarely seen in the ILS market,鈥� said Jean-Louis Monnier, CEO of Swiss Re Capital Markets Corporation. 鈥淪tructured as an efficient zero-coupon note, the Gateway Re issuance achieved competitive pricing and a remarkably strong execution. This transaction is a testament to the continued investor support for 糖心vlog在线观看, SageSure, and the Gateway Re franchise. It also demonstrates 糖心vlog在线观看 and SageSure鈥檚 agility in securing different forms of alternative capital capacity.鈥�听

About 糖心vlog在线观看
糖心vlog在线观看 is the member-owned insurance company for reliable coastal property protection. Founded in 2021, 糖心vlog在线观看 is managed by a team of experienced and passionate insurance leaders who believe in building a safer world, one coastal property at a time. With more than 180,000 policyholders and more than $520 million of inforce premium to date, 糖心vlog在线观看 has grown rapidly to meet the needs of challenging markets while prudently managing exposure. As the first Texas-domiciled reciprocal since 2004, 糖心vlog在线观看 is customer-focused by design and offers homeowners, dwelling fire, flood, and commercial coverage through an exclusive partnership with SageSure. 糖心vlog在线观看 is rated A, Exceptional, by Demotech, Inc. and is currently available in Alabama, California, Florida, Louisiana, Mississippi, North Carolina, South Carolina, and Texas. To learn more, visit sureins.com.

About SageSure
SageSure is the managing general underwriter pioneering ways people protect their American Dream. A leader in catastrophe-exposed property insurance, SageSure was founded in 2009 to deliver reliable products, exceptional customer experiences, and strong underwriting results in challenging insurance markets. SageSure currently operates in 14 states and provides home, flood, and commercial coverage on behalf of its highly rated carrier partners. With more than $1.4 billion of inforce premium, 500,000 policyholders, and 670 employees across the country, SageSure is the largest residential property insurance MGU in the US. To learn more, visit sagesure.com.