SageSure gets upsized $150m Gateway Re 2025-2 cat bond at low-end pricing – Go Health Pro

SageSure gets upsized 0m Gateway Re 2025-2 cat bond at low-end pricing – Go Health Pro

Artemis has learned that SageSure, the coastal property managing general underwriter, has now successfully priced its latest catastrophe bond, securing the 20% upsized $150 million in named storm reinsurance sought from the Gateway Re Ltd. (Series 2025-2) issuance that will protect the Aurous and Elevate reciprocal exchanges.At the same time as securing the upsized amount … Read more

Cat bond market poised for strong 2025 despite LA wildfire impact: AM Best – Go Health Pro

Cat bond market poised for strong 2025 despite LA wildfire impact: AM Best – Go Health Pro

2025 is shaping to be another strong year for catastrophe bond and insurance-linked securities (ILS) issuance following record growth seen across the market last year, despite the fallout from the Los Angeles wildfires in January, says global ratings agency AM Best.Full-year catastrophe bond and related ILS issuance hit a record $17.7 billion in 2024 as … Read more

Sutton looks to upsize debut Greengrove Re cat bond to provide $100m of CA wildfire cover – Go Health Pro

Sutton looks to upsize debut Greengrove Re cat bond to provide 0m of CA wildfire cover – Go Health Pro

Artemis has learned that Sutton National Group is now aiming to secure an upsized $100 million in fire reinsurance protection for California via its debut Greengrove Re Ltd. (Series 2025-1) catastrophe bond issuance.Sutton National Group launched its debut appearance in the cat bond market earlier this month, seeking to secure $75 million or more in … Read more

Allstate secures 150% upsized $750m Sanders Re 2025-1 cat bond, it’s joint largest yet – Go Health Pro

Allstate secures 150% upsized 0m Sanders Re 2025-1 cat bond, it’s joint largest yet – Go Health Pro

US primary insurer Allstate has now successfully priced its latest catastrophe bond transaction, securing the upsized 150% target of $750 million of collateralized multi-peril and multi-year catastrophe reinsurance protection from the Sanders Re II Ltd. (Series 2025-1) issuance, which marks the company’s joint-largest cat bond sponsorship ever.Allstate returned to the catastrophe bond market in February … Read more

Florida Citizens targets $2.94bn of new reinsurance and cat bonds for 2025 – Go Health Pro

Florida Citizens targets .94bn of new reinsurance and cat bonds for 2025 – Go Health Pro

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is aiming to purchase $2.94 billion of new traditional reinsurance and catastrophe bonds for the 2025 hurricane season, which would take its total risk transfer to $4.54 billion this year.Florida Citizens still has $1.6 billion of catastrophe bonds outstanding to provide protection through the … Read more

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