News Business SURE Elevate Secures $130M Gateway Re II Second Event Catastrophe Bond Priced Below Guidance
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SURE Elevate Secures $130M Gateway Re II Second Event Catastrophe Bond

SURE Elevate, a prominent player in the insurance-linked securities (ILS) market, has achieved a significant milestone by successfully placing a $130 million catastrophe bond. This bond, known as the Gateway Re II Second Event Catastrophe Bond, provides crucial protection against second event losses.

Below Initial Price Guidance

The remarkable aspect of this transaction is that it was priced below initial guidance. Despite the complexities of the global risk landscape, SURE Elevate's strategic approach allowed them to secure this capital market solution at a more favorable rate than anticipated.

Investor Appetite and Market Confidence

Investors demonstrated strong appetite for the Gateway Re II bond, reflecting their confidence in SURE Elevate's risk modeling and underwriting capabilities. The bond's structure, which aligns with investor preferences, contributed to its successful placement.

Enhancing Resilience

By accessing the capital markets through catastrophe bonds, insurers like SURE Elevate enhance their resilience and ability to absorb losses from extreme events. The Gateway Re II bond exemplifies the collaboration between the insurance industry and the capital markets, fostering financial innovation and risk transfer.

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