Bonanza Re Ltd

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American Strategic’s Bonanza Re cat bond doubles in size at top-end pricing

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. At the same time the pricing for the now $200 million of reinsurance protection that read the full article →

American Strategic returns for its second Bonanza Re cat bond

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. American Strategic Insurance Group, a Progressive subsidiary, is seeking an expanded source of collateralised reinsurance from the capital markets with its read the full article →

Bonanza Re: The lowest relative price in cat bond market history

The recently completed $200 million Bonanza Re Ltd. (Series 2016-1) catastrophe bond, which secured sponsor American Strategic Insurance Group a slice of named storm and severe thunderstorm reinsurance protection, saw the lowest relative price in the history of ILS for a deal with significant Florida exposure. The Bonanza Re cat bond read the full article →

Bonanza Re cat bond priced at low-end of reduced guidance

American Strategic Insurance Group's second catastrophe bond issuance, the currently in the market $200 million Bonanza Re Ltd. (Series 2016-1), has now been priced at the low-end of the already reduced guidance, once again reflecting the strong appetite investors have for new cat bond issues. Not only does this pricing reflect read the full article →

Bonanza Re cat bond pricing drops below guidance

Coupon price guidance for the $200 million Bonanza Re Ltd. (Series 2016-1) catastrophe bond issuance, that is being marketed to investors on behalf of sponsor and ceding insurer American Strategic Insurance Group, has dropped to below the initial range once again reflecting strong investor demand. The Bonanza Re 2016-1 cat bond read the full article →

$200m Bonanza Re 2016-1 cat bond launched for American Strategic

American Strategic Insurance Group has returned to the catastrophe bond market seeking a $200 million source of capital market backed reinsurance protection for U.S. named storm and severe thunderstorm risks from a Bonanza Re Ltd. (Series 2016-1) deal. This is the insurers second visit to the capital markets for reinsurance coverage read the full article →