SureChoice and Elevate upsize Gateway Re zero-coupon bond to $100mn
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SureChoice and Elevate upsize Gateway Re zero-coupon bond to $100mn

Rachel Dalton
24 May 2023
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SureChoice Underwriters Reciprocal Exchange (Sure) and Elevate Reciprocal Exchange have upsized their Gateway Re zero-coupon 2023-2 Class C cat bond deal to $100mn, as pricing guidance lowered.

The bond will provide named storm, per-occurrence coverage on an indemnity basis for second and subsequent events in Alabama, Louisiana, Mississippi, North Carolina, South Carolina and Texas.

The

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Rachel Dalton
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