Bonanza Re Ltd Series 2020-2

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American Strategic owner’s Bonanza Re 2020-2 cat bond fixed at $295m

The new Bonanza Re Ltd. (Series 2020-2) catastrophe bond issuance eventually grew by 195%, with the now priced transaction set to provide $295 million of reinsurance protection to ARX Holding, the Progressive-owned parent of American Strategic Insurance Group. When the cat bond was launched to the market, it was seeking at read the full article →

New Bonanza Re catastrophe bond could triple in size to $300m

The new Bonanza Re Ltd. (Series 2020-2) catastrophe bond issuance could triple in size, as the transactions upper target has been lifted to provide as much as $300 million of reinsurance protection for ARX Holding, the Progressive-owned parent of American Strategic Insurance Group. The Bonanza Re 2020-2 catastrophe bond will be read the full article →

American Strategic owner returns for second Bonanza Re cat bond of 2020

ARX Holding, the Progressive-owned parent of American Strategic Insurance Group, has returned to the catastrophe bond market for the second time this year, to sponsor a $100 million or greater sized Bonanza Re Ltd. (Series 2020-2)  issuance. ARX Holding owns the American Strategic group of insurance companies and also Progressive Property read the full article →