Bonanza Re Ltd Series 2022-1

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ARX’s Bonanza Re 2022-1 catastrophe bond priced at top-end of guidance

The new Bonanza Re Ltd. (Series 2022-1) catastrophe bond transaction, that is being issued for ARX Holding, the Progressive-owned parent of American Strategic Insurance Group, has now been priced and did not upsize, remaining $135 million in size, the notes priced at the top-end of guidance. ARX Holding returned to the read the full article →

American Strategic owner targets $135m Bonanza Re 2022 cat bond

ARX Holding, the Progressive-owned parent of American Strategic Insurance Group, is back in the catastrophe bond market with a US named storm focused issuance and is seeking $135 million or more in collateralized reinsurance protection from a Bonanza Re Ltd. (Series 2022-1) transaction. For this catastrophe bond, the company is seeking read the full article →