Bonanza Re Ltd

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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 →

Bonanza Re cat bond shrinks to $80m, prices at top-end

The new catastrophe bond issuance for ARX Holding, the Progressive-owned parent of American Strategic Insurance Group, has now been fixed at a smaller $80 million size, while one tranche of notes are not being issued at all, and the price for the remaining tranche of Bonanza Re Ltd. (Series 2021-1) read the full article →

Bonanza Re cat bond issuance shrinks, pricing rises for American Strategic

The new catastrophe bond issuance for ARX Holding, the Progressive-owned parent of American Strategic Insurance Group, now looks as if it could shrink in size, with one layer perhaps not being issued at all, while the price guidance for the remaining Bonanza Re Ltd. (Series 2021-1) cat bond notes has read the full article →

American Strategic targets aggregate cover with new Bonanza Re cat bond

ARX Holding, the Progressive-owned parent of American Strategic Insurance Group, has returned to the catastrophe bond market for its first issuance of 2021, with a $100 million plus target for a Bonanza Re Ltd. (Series 2021-1) deal through which it is seeking annual aggregate reinsurance protection. The Bonanza Re catastrophe bonds, read the full article →

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 →

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 →