SAGESURE CEDED RE
Connecting US Property Catastrophe Risk to Global Capital
$7B
REINSURANCE
LIMIT
$2.7B
CAT BOND OUTSTANDING
NOTIONAL LIMIT
$1.7B
NET QUOTA SHARE
FACILITY
SageSure Ceded Re is the reinsurance buying function spanning all major SageSure programs, including SURE/Elevate, Auros/Interboro, GeoVera, Olympus, and IAT. As a managing general underwriter, SageSure facilitates the reinsurance buying on behalf of the insurance companies and programs it underwrites, using a mix of traditional treaty markets, its catastrophe bond programs (Gateway, Veraison, Meritage, Abacab), the Seawall Re sidecar, and its captive reinsurer, Anchor Re. That purchasing activity has made SageSure one of the largest sponsors of catastrophe risk transfer in the US property market, with more than $7 billion of total reinsurance limit placed across its programs, including over $2.7 billion in outstanding catastrophe bond notional, ranking as high as third-largest globally in 2026 on Artemis’s cat bond sponsor leaderboard.
Cat Bond of the Year
Gateway Re 2025-1
Sponsor of the Year
(Re)Insurer & Sponsor
Property Cat UW Team of the Year
Three Consecutive Years
See Us in Action
The Ceded Re Difference
Hear SageSure leadership discuss how its platform delivers superior results for its reinsurance partners.
Driving Global Change
Capital Markets Scale & Recent Transactions
With over $2.7B in outstanding notional limit, SageSure ranks among the largest cat bond sponsors in the world, programmatic in cadence and diversified across multi-peril portfolios.
Recent Transactions
| TRANSACTION | STRUCTURE | ISSUED | PERIOD |
|---|---|---|---|
| Abacab Re Ltd. 2026-1 | Catastrophe Bond | $120M | 2026–2029 |
| Seawall Re II | Reinsurance Sidecar | $200M | 2026–2027 |
| Gateway Re Ltd. 2026-2 | Catastrophe Bond | $175M | 2026–2029 |
| Gateway Re Ltd. 2026-1 | Catastrophe Bond | $670M | 2026–2029 |
| Veraison Re Ltd. 2026-1 | Catastrophe Bond | $350M | 2026–2029 |
| Meritage Re Ltd. 2026-1 | Catastrophe Bond | $200M | 2026–2029 |
PLATFORN ADVANTAGE
Built for Alignment
Our proprietary hazard research and active capital stewardship deliver durable returns across market cycles.
Built for the most complex property markets.
Underwriting Outperformance
Granular underwriting execution across hurricane, convective storm, wildfire, and earthquake regions, supported by continuous portfolio optimization and strict risk selection.
Exposure data our partners can verify.
Verified Exposure & Model Transparency
Direct access to street-level exposure data, real-time post-event modeling, and granular portfolio analytics, enabling partners to price risk with certainty.
Protecting capital is as important as deploying it.
Capital Stewardship
Protecting capital across cycles. Focus on long-term rate adequacy, capital efficiency, and proactive communication to build relationships that outlast a single renewal cycle.
Performance is proven after the storm.
Claims Excellence
Proprietary claims infrastructure and specialized catastrophe event response protocols engineered to control loss adjustment expenses and deliver real-time loss reporting.
Research shapes how we select risk.
Proprietary View of Risk
In-house cat modeling and meteorological research teams build custom hazard definitions to price and segment risk beyond standard vendor models.
Relationships built for the long-term.
Bespoke Structuring & Agility
Agile capital formation. Proven ability to rapidly execute across cat bonds, sidecars, quota shares, and traditional towers to match specific investor yield and collateral mandates.
Risk Transfer Solutions & Structural Capabilities
Placed on behalf of carrier partners to provide flexible entry points for traditional reinsurers, ILS funds, and private institutional capital.
$2.8B LIMIT
Catastrophe XOL
Multi-layered occurrence and aggregate towers with tailored reinstatement provisions.
Backed by leading global treaty reinsurers; covers hurricane, earthquake, wildfire, and severe convective storm (SCS).
$2.7B OUTSTANDING Notional LIMIT
Catastrophe Bonds
Issuances across dedicated vehicles: Gateway Re, Veraison Re, Meritage Re, and Abacab Re.
Supported by 35+ tier-one institutional ILS managers globally, providing multi-year collateralized capacity.
$1.7B Subject Earned Premium
Net Quota Share
Proportional treaty sitting directly below Cat XOL attachment points to absorb attritional and mid-severity risk.
One of the largest multi-carrier property quota share placements in the US market, supported by global reinsurers.
$250M Deployed
Sidecars & Private Capital
Dedicated third-party institutional capacity via the Seawall Re sidecar platform.
Proportional collateralized risk sharing with transparent, investor-aligned capital release mechanisms that sit alongside the treaty panel.
MULTI-carrier
Facultative & Property Per Risk (PPR)
Per-risk excess of loss layers protecting individual high-value locations and peak commercial exposures.
Shared facility architecture delivering efficient capacity deployment across all eight carrier platforms.
Supported Carrier Partners & Peril Footprint
| CARRIER PARTNER | FINANCIAL RATING | FOOTPRINT | FOCUS | PLACEMENTS |
|---|---|---|---|---|
|
Demotech A | Gulf Coast, Florida, Carolinas, California | Admitted & surplus lines residential and small commercial property | Cat XOL, Net QS, Cat Bond, Fac/PPR, Sidecar |
|
Demotech A | Gulf Coast, South Carolina | Residential property distributed exclusively via Goosehead Insurance | Cat XOL, Net QS, Cat Bond, Fac/PPR, Sidecar |
|
Demotech A | New York, South Carolina | Coastal middle-market homeowners and dwelling fire | Cat XOL, Net QS, Cat Bond, Fac/PPR, Sidecar |
|
Demotech A | Gulf Coast, Florida | Residential property focused on underserved Gulf coast regions | Cat XOL, Net QS, Cat Bond, Fac/PPR, Sidecar |
|
Demotech A | New York, South Carolina | Established coastal residential property programs | Cat XOL, Net QS, Cat Bond, Fac/PPR, Sidecar |
|
AM Best A | West Coast EQ, Gulf/Atlantic Wind, Florida | Geographically diversified residential and commercial; specialized earthquake | Cat XOL, Cat Bond, Fac/PPR, Sidecar |
|
Demotech A | Florida | Mass-affluent Florida admitted residential property | Cat XOL, Cat Bond, Fac/PPR |
|
AM Best A- | Gulf Coast, Northeast, Carolinas (13 states) | Middle-market preferred residential business | Cat XOL, Fac/PPR |
Market confidence
What Our Partners Say
In the words of traditional reinsurers, catastrophe bond investors, and institutional capital partners supporting SageSure’s risk transfer programs.