Progressive, the US primary insurance giant, has reported in its September results that it does not anticipate per-occurrence reinsurance recoveries from either hurricane Helene or hurricane Milton based on its estimates for losses at this time, but they could have implications for its aggregate cover, including its catastrophe bonds.
Read the full article
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.
Read the full article
ARX Holding, the Progressive-owned parent of American Strategic Insurance Group, is aiming to upsize its latest catastrophe bond issuance, with now up to $70 million in multi-peril catastrophe reinsurance sought from a Bonanza Re Ltd. (Series 2023-2) transaction.
Read the full article
ARX Holding, the Progressive-owned parent of American Strategic Insurance Group, is back in the catastrophe bond market for its second issuance of 2023, seeking a $50 million or larger single-year source of additional multi-peril catastrophe reinsurance from a Bonanza Re Ltd. (Series 2023-2) transaction.
Read the full article
