Latest news with #Auros
Yahoo
11-07-2025
- Business
- Yahoo
SageSure and Auros Close $100 Million Catastrophe Bond with Broad Market Support
Eleventh Gateway Re issuance indicates strong investor support for the series and SageSure, the seventh top catastrophe bond sponsor globally JERSEY CITY, N.J., July 11, 2025--(BUSINESS WIRE)--SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and its carrier partners Auros Reciprocal Insurance Exchange ("Auros") and Elevate Reciprocal Exchange ("Elevate") announced the close of the Gateway Re Series 2025-3 catastrophe bond at $100 million in nearly half the typical placement timeline. With more than $2.1 billion in cumulative notional limit including this issuance, the SageSure-supported Gateway Re series has secured SageSure's spot as the seventh top catastrophe bond sponsor in the world as of this date in terms of total notional outstanding. Following Auros' inaugural catastrophe bond deal in April, the latest issuance achieved strong execution with lowered and narrowed price guidance, indicating investor confidence in the Gateway Re franchise. "SageSure's position as one of the leading global catastrophe bond sponsors demonstrates the strategic role of ILS markets in our carrier partners' reinsurance programs," said Terrence McLean, President and CEO of SageSure. "We are grateful for the investor support that enables greater protection against peak perils and greater capacity in the catastrophe-exposed states we serve." The Gateway Re 2025-3 Class A notes will provide protection across a single hurricane season for cedants Auros and Elevate in Louisiana, Mississippi, South Carolina, and Texas. "Auros is honored to partner with SageSure to strengthen the protection of our programs and our policyholders," said Travis Lewis, CEO of Auros Risk Management. "We are grateful for the ILS market's confidence and look forward to the responsible growth this issuance will support." Ed Konar, President of Elevate Risk Management, added, "We are excited by the positive response from the investor community to this catastrophe bond placement. Capital markets continue to enhance the resilience of our reinsurance program." As with previous Gateway Re transactions, Swiss Re Capital Markets acted as the sole structuring agent and bookrunner for the transaction. "We are proud to have partnered with SageSure, Auros, and Elevate in the successful execution of the eleventh Gateway Re catastrophe bond issuance," said Jean-Louis Monnier, CEO of Swiss Re Capital Markets Corporation. "The overwhelming support from investors for a transaction announced later in the issuance season is a testament to the trust that investors have in SageSure's differentiated approach to underwriting, claims, and risk management." About SageSureSageSure is one of the largest managing general underwriters focused on catastrophe-exposed property in the US. Dedicated to serving producers and carrier partners, SageSure provides highly differentiated residential and commercial solutions, innovative service and claims management, and market-leading buying experiences. A leader in catastrophe risk underwriting and exposure management, SageSure operates in 16 states, protects more than 850,000 policyholders, and manages more than $2.5 billion of inforce premium. For more information, visit About AurosAuros Reciprocal Insurance Exchange (Auros) creates differentiated experiences and customized solutions for coastal homeowners. Managed by a team of seasoned industry leaders who ensure alignment with policyholder interests, Auros brings competitive pricing, outstanding protection, and catastrophe risk expertise to the markets it serves, including Louisiana, Mississippi, and Texas. Exclusively available through SageSure, Auros is expanding to meet the high demand for its solutions while maintaining the strong financial outlook indicated by its rating of A, Exceptional, by Demotech, Inc. To learn more, visit About ElevateElevate Reciprocal Exchange (Elevate) delivers industry-leading protection for coastal homeowners, providing customizable coverage, competitive rates, and high-quality service throughout the policy lifecycle. Exclusively distributed through Goosehead in partnership with SageSure, Elevate serves regions where reliable coverage is needed most, including Louisiana, South Carolina, and Texas. Elevate is rated A, Exceptional, by Demotech, Inc., indicating the necessary financial stability to protect its policyholder members. To learn more, visit View source version on Contacts Media Contact: Walker Sandssagesure@
Business Wire
11-07-2025
- Business
- Business Wire
SageSure and Auros Close $100 Million Catastrophe Bond with Broad Market Support
JERSEY CITY, N.J.--(BUSINESS WIRE)--SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and its carrier partners Auros Reciprocal Insurance Exchange ('Auros') and Elevate Reciprocal Exchange ('Elevate') announced the close of the Gateway Re Series 2025-3 catastrophe bond at $100 million in nearly half the typical placement timeline. With more than $2.1 billion in cumulative notional limit including this issuance, the SageSure-supported Gateway Re series has secured SageSure's spot as the seventh top catastrophe bond sponsor in the world as of this date in terms of total notional outstanding. SageSure's position as one of the leading global catastrophe bond sponsors demonstrates the strategic role of ILS markets in our carrier partners' reinsurance programs. Share Following Auros' inaugural catastrophe bond deal in April, the latest issuance achieved strong execution with lowered and narrowed price guidance, indicating investor confidence in the Gateway Re franchise. 'SageSure's position as one of the leading global catastrophe bond sponsors demonstrates the strategic role of ILS markets in our carrier partners' reinsurance programs,' said Terrence McLean, President and CEO of SageSure. 'We are grateful for the investor support that enables greater protection against peak perils and greater capacity in the catastrophe-exposed states we serve.' The Gateway Re 2025-3 Class A notes will provide protection across a single hurricane season for cedants Auros and Elevate in Louisiana, Mississippi, South Carolina, and Texas. 'Auros is honored to partner with SageSure to strengthen the protection of our programs and our policyholders,' said Travis Lewis, CEO of Auros Risk Management. 'We are grateful for the ILS market's confidence and look forward to the responsible growth this issuance will support.' Ed Konar, President of Elevate Risk Management, added, 'We are excited by the positive response from the investor community to this catastrophe bond placement. Capital markets continue to enhance the resilience of our reinsurance program.' As with previous Gateway Re transactions, Swiss Re Capital Markets acted as the sole structuring agent and bookrunner for the transaction. 'We are proud to have partnered with SageSure, Auros, and Elevate in the successful execution of the eleventh Gateway Re catastrophe bond issuance,' said Jean-Louis Monnier, CEO of Swiss Re Capital Markets Corporation. 'The overwhelming support from investors for a transaction announced later in the issuance season is a testament to the trust that investors have in SageSure's differentiated approach to underwriting, claims, and risk management.' About SageSure SageSure is one of the largest managing general underwriters focused on catastrophe-exposed property in the US. Dedicated to serving producers and carrier partners, SageSure provides highly differentiated residential and commercial solutions, innovative service and claims management, and market-leading buying experiences. A leader in catastrophe risk underwriting and exposure management, SageSure operates in 16 states, protects more than 850,000 policyholders, and manages more than $2.5 billion of inforce premium. For more information, visit About Auros Auros Reciprocal Insurance Exchange (Auros) creates differentiated experiences and customized solutions for coastal homeowners. Managed by a team of seasoned industry leaders who ensure alignment with policyholder interests, Auros brings competitive pricing, outstanding protection, and catastrophe risk expertise to the markets it serves, including Louisiana, Mississippi, and Texas. Exclusively available through SageSure, Auros is expanding to meet the high demand for its solutions while maintaining the strong financial outlook indicated by its rating of A, Exceptional, by Demotech, Inc. To learn more, visit About Elevate Elevate Reciprocal Exchange (Elevate) delivers industry-leading protection for coastal homeowners, providing customizable coverage, competitive rates, and high-quality service throughout the policy lifecycle. Exclusively distributed through Goosehead in partnership with SageSure, Elevate serves regions where reliable coverage is needed most, including Louisiana, South Carolina, and Texas. Elevate is rated A, Exceptional, by Demotech, Inc., indicating the necessary financial stability to protect its policyholder members. To learn more, visit
Int'l Business Times
18-06-2025
- Business
- Int'l Business Times
BitVault Raises $2M from GSR, Gemini, and Auros to Launch BTC-Backed Money
Berlin, Germany, June 18th, 2025, Chainwire BitVault, a DeFi protocol aiming to redefine Bitcoin's role in stablecoin infrastructure, has announced the close of a $2 million pre-seed round. Strategic investors include GSR, Gemini, Auros, and Keyrock, among others—joining BitVault in building what it calls the "next era of BTC-backed money": an institutionally-aligned alternative to fiat-pegged stablecoins. The raise supports the launch of bvUSD, BitVault's overcollateralized stablecoin backed by Bitcoin derivatives, and sbvUSD, its yield-bearing variant powered by institutional trading strategies by GSR. BitVault will serve as a core stablecoin protocol on Katana, a new DeFi-first chain incubated by Polygon Labs and GSR prioritizing deep liquidity and user rewards, leveraging a licensed fork of Liquity V2 to enable permissioned borrowing, user-set interest rates, and automated liquidation infrastructure. 'Bitcoin was built for moments of fracture. BitVault was built to make it usable,' said Michael Kisselgof, Core Contributor of BitVault and VaultCraft. 'We specifically onboarded GSR, Auros, and Keyrock as strategic investors that can also execute high yielding, non-directional strategies to create demand and deep liquidity for BTC-backed money.' Stablecoins at an Inflection Point BitVault arrives amid rising demand for crypto-native stability in a fragmented global monetary environment. Unlike fiat-backed stablecoins like USDC or algorithmic options like Ethena's USDe, bvUSD is collateralized by BTC derivatives. Only whitelisted institutional borrowers can mint bvUSD in bulk, while anyone can mint bvUSD using stablecoins—mitigating risks associated with overleveraged or anonymous borrowing. DeFi users can earn yield by staking bvUSD into sbvUSD, which leverages delta-neutral and arbitrage strategies managed by GSR, a globally recognized crypto investment firm specializing in market making, OTC trading, and options.. "We're seeing growing interest in BTC-backed stablecoins, especially those designed to integrate seamlessly into DeFi ecosystems,' said Alain Kunz, Director from GSR, who participated in the round. 'BitVault's approach with experience in institutional-grade yield strategies positions it well for success. We're particularly excited about its deployment on Katana, a DeFi centric chain we helped incubate. BitVault adds to Katana's evolving ecosystem by introducing a new layer of stablecoin utility, enabling BTC to take on a more productive role within Katana's high-yield DeFi stack.' From Liquity to Katana BitVault is a friendly fork of Liquity V2, re-engineered for institutional use under a licensed deployment agreement with Liquity AG. The protocol blends automated, governance-free mechanisms with a permissioned borrowing layer, offering stability while retaining core DeFi primitives like direct redemption and composable yield strategies. Its upcoming VCRAFT token will govern future protocol parameters and serve as a rewards mechanism for stability providers and liquidity contributors. The launch on Katana, incubated by Polygon Labs and GSR, positions BitVault at the heart of an emerging liquidity and settlement network across the EVM chain. Initial integrations include Vault infrastructure, Morpho money markets, Sushi AMMs, and a multichain 'Bits' points campaign tied to VCRAFT distribution. What's Next BitVault is scheduled for mainnet deployment on Katana in June 2025, with broader integrations across DeFi ecosystems and centralized liquidity venues in the works. The team plans to expand its stablecoin suite to support additional BTC-based collateral assets and is actively onboarding institutional borrowers. About BitVault BitVault is a DeFi protocol that offers a crypto-native solution for money through its BTC-backed stablecoin, bvUSD, and a yield-bearing staked stablecoin, sbvUSD. The protocol is designed to provide an institutional-grade, capital-efficient stablecoin with user-set interest rates, multi-collateral backing, and enhanced liquidity mechanisms. For media inquiries or partnership information: press@ @BitVaultFinance Contact BitVault Team info@
Business Insider
18-06-2025
- Business
- Business Insider
BitVault Raises $2M from GSR, Gemini, and Auros to Launch BTC-Backed Money
Berlin, Germany, June 18th, 2025, Chainwire BitVault, a DeFi protocol aiming to redefine Bitcoin's role in stablecoin infrastructure, has announced the close of a $2 million pre-seed round. Strategic investors include GSR, Gemini, Auros, and Keyrock, among others—joining BitVault in building what it calls the "next era of BTC-backed money": an institutionally-aligned alternative to fiat-pegged stablecoins. The raise supports the launch of bvUSD, BitVault's overcollateralized stablecoin backed by Bitcoin derivatives, and sbvUSD, its yield-bearing variant powered by institutional trading strategies by GSR. BitVault will serve as a core stablecoin protocol on Katana, a new DeFi-first chain incubated by Polygon Labs and GSR prioritizing deep liquidity and user rewards, leveraging a licensed fork of Liquity V2 to enable permissioned borrowing, user-set interest rates, and automated liquidation infrastructure. 'Bitcoin was built for moments of fracture. BitVault was built to make it usable,' said Michael Kisselgof, Core Contributor of BitVault and VaultCraft. 'We specifically onboarded GSR, Auros, and Keyrock as strategic investors that can also execute high yielding, non-directional strategies to create demand and deep liquidity for BTC-backed money.' Stablecoins at an Inflection Point BitVault arrives amid rising demand for crypto-native stability in a fragmented global monetary environment. Unlike fiat-backed stablecoins like USDC or algorithmic options like Ethena's USDe, bvUSD is collateralized by BTC derivatives. Only whitelisted institutional borrowers can mint bvUSD in bulk, while anyone can mint bvUSD using stablecoins—mitigating risks associated with overleveraged or anonymous borrowing. DeFi users can earn yield by staking bvUSD into sbvUSD, which leverages delta-neutral and arbitrage strategies managed by GSR, a globally recognized crypto investment firm specializing in market making, OTC trading, and options.. "We're seeing growing interest in BTC-backed stablecoins, especially those designed to integrate seamlessly into DeFi ecosystems,' said Alain Kunz, Director from GSR, who participated in the round. 'BitVault's approach with experience in institutional-grade yield strategies positions it well for success. We're particularly excited about its deployment on Katana, a DeFi centric chain we helped incubate. BitVault adds to Katana's evolving ecosystem by introducing a new layer of stablecoin utility, enabling BTC to take on a more productive role within Katana's high-yield DeFi stack.' From Liquity to Katana BitVault is a friendly fork of Liquity V2, re-engineered for institutional use under a licensed deployment agreement with Liquity AG. The protocol blends automated, governance-free mechanisms with a permissioned borrowing layer, offering stability while retaining core DeFi primitives like direct redemption and composable yield strategies. Its upcoming VCRAFT token will govern future protocol parameters and serve as a rewards mechanism for stability providers and liquidity contributors. The launch on Katana, incubated by Polygon Labs and GSR, positions BitVault at the heart of an emerging liquidity and settlement network across the EVM chain. Initial integrations include Vault infrastructure, Morpho money markets, Sushi AMMs, and a multichain 'Bits' points campaign tied to VCRAFT distribution. What's Next BitVault is scheduled for mainnet deployment on Katana in June 2025, with broader integrations across DeFi ecosystems and centralized liquidity venues in the works. The team plans to expand its stablecoin suite to support additional BTC-based collateral assets and is actively onboarding institutional borrowers. BitVault is a DeFi protocol that offers a crypto-native solution for money through its BTC-backed stablecoin, bvUSD, and a yield-bearing staked stablecoin, sbvUSD. The protocol is designed to provide an institutional-grade, capital-efficient stablecoin with user-set interest rates, multi-collateral backing, and enhanced liquidity mechanisms. For media inquiries or partnership information: press@ Contact BitVault Team
Yahoo
16-05-2025
- Business
- Yahoo
Smokey The Bera to Make Berachain More Resilient to Crypto Volatility
Berachain is focused on building 'decorrelated populations' of users to guard against market reflexivity, said Smokey the Bera, theblockchain's pseudonymous founder, onstage at CoinDesk's Consensus 2025 event in Toronto. Reflexivity is a big concern in decentralised finance and crypto. It refers to the self-reinforcing effect of market sentiment. Rising prices often attract buyers and create a positive feedback loop. However, the same process can operate in reverse leading to a catastrophic collapse in prices. Berachain's plan for the second and third quarters is to support profitable businesses that exist in web2 and are uncorrelated to the existing DeFi and crypto markets. Doing so will help Berachain guard against reflexivity, helping it weather market volatility and retain deep liquidity, Smokey said. Smokey was joined by Jason Atkins from market making firm Auros, when they discussed all things to do with liquidity — essentially how easily and quickly a crypto asset can be bought or sold without a significant impact on its price. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
