Bonanza Re cat bond closes on target at $135mn
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Bonanza Re cat bond closes on target at $135mn

Martha Muir
14 March 2022
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American Strategic Insurance has raised its target $135mn from its latest Bonanza Re cat bond, as the deal priced at the top end of forecasts.

The cat bond provides indemnity per occurrence cover against named storms in the United States and and District of Columbia, filling part of a $400mn excess $1bn layer.

It

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Martha Muir
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