SafePort and SafeChoice target $100mn Gateway Re cat bond coverage
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SafePort and SafeChoice target $100mn Gateway Re cat bond coverage

US Currency: Wads of US bills fastened with rubber bands, close-up

SafePort and SafeChoice are seeking $100mn of Class A named storm coverage with a new Gateway Re catastrophe bond issuance.

The two firms partner with SageSure to offer homeowners and commercial coverages across US south-eastern states.

The deal is seeking reinsurance coverage on an indemnity, per-occurrence basis, for named storm in Alabama, Louisiana, Mississippi, New York, North Carolina, South Carolina,...

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