Progressive upsizes Bonanza Re to $345mn as pricing falls ~18%
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Progressive upsizes Bonanza Re to $345mn as pricing falls ~18%

The Class A and C notes increased in size, while the Class B note remained unchanged.

By Jai Singh
December 17, 2024
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Progressive has upsized its Bonanza Re bond by 53%, securing $345mn of multi-peril US coverage, with pricing across the three notes falling by ~18% on average.

The

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