Bonanza Re Ltd

Progressive, the US insurance company, has now priced and successfully secured the 79% upsized $125 million of aggregate catastrophe reinsurance limit from its latest catastrophe bond, with the Bonanza Re Ltd. (Series 2025-1) issuance now priced at the low-end of reduced guidance, Artemis understands.

US insurance company Progressive has for a second time lifted the targeted amount of reinsurance protection it is seeking from its latest catastrophe bond, with the Bonanza Re Ltd. (Series 2025-1) issuance now offered to provide it $125 million of aggregate reinsurance for the insurer, we understand from sources.

Progressive, the US insurance company, has raised its target for reinsurance protection from its latest catastrophe bond, with the Bonanza Re Ltd. (Series 2025-1) issuance now seeking $100 million of aggregate reinsurance for the insurer, Artemis has learned.

Progressive, the US insurance company, is back in the catastrophe bond market seeking a $70 million or greater one-year source of annual aggregate and multi-peril reinsurance protection from the capital markets, through a Bonanza Re Ltd. (Series 2025-1) issuance, Artemis understands.

Progressive, the US insurance group, has now secured the upsized target of $345 million of reinsurance protection from its new Bonanza Re Ltd. (Series 2024-1) catastrophe bond issuance, while the notes were priced at the bottom of lowered guidance in the case of all three tranches, we understand.

US insurance firm Progressive is targeting even more favourable price execution for its latest venture to the catastrophe bond market, with the spread guidance for its new $345 million Bonanza Re Ltd. (Series 2024-1) issuance having fallen further in the latest update, we understand.

US insurance firm Progressive is the latest to seek an upsized execution from its latest venture to the catastrophe bond market, with the firm now seeking a 53% upsized $345 million in multi-peril reinsurance from this Bonanza Re Ltd. (Series 2024-1) issuance.

US insurance firm Progressive is back in the catastrophe bond market and seeking $225 million or more in protection against losses from multiple perils, with a Bonanza Re Ltd. (Series 2024-1) issuance that will provide it with both aggregate and occurrence property catastrophe reinsurance, Artemis understands.

Qualifying aggregate catastrophe losses failed to reach the attachment point for one tranche of insurance group Progressive’s Bonanza Re Ltd. (Series 2023-1) catastrophe bond deal, meaning the zero-coupon one-year cat bond deal was allowed to mature and investors got their full capital back.

Progressive-owned ARX Holding, the parent of American Strategic Insurance Group, has successfully upsized its latest catastrophe bond issuance by 40% to secure $70 million in multi-peril catastrophe reinsurance from the Bonanza Re Ltd. (Series 2023-2) transaction.