Bonanza Re Ltd Series 2020-1

The second catastrophe bond issuance to be sponsored by American Strategic Insurance Group has received a favourable response from investors, as the Bonanza Re Ltd. (Series 2020-1) transaction has doubled in size to reach $200 million.

American Strategic Insurance Group has returned to the catastrophe bond market for its second transaction under the Bonanza Re program, with a $100 million Bonanza Re Ltd. (Series 2020-1) transaction.