Progressive targets $50mn zero-coupon Bonanza Re coverage
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Progressive targets $50mn zero-coupon Bonanza Re coverage

Aisling Finn
04 December 2023
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Progressive has launched a new Bonanza Re cat bond deal, targeting $50mn of cat bond coverage in a zero-coupon transaction, this publication understands.

The deal is seeking Class A coverage for named storms, winter storms, wildfire, earthquake (shock excluded) and severe thunderstorms in the US and District of Columbia on an indemnity, aggregate, shared limit basis.

Progressive

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Catastrophe bonds News Stocks Wildfire
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