Progressive targets $50mn zero-coupon Bonanza Re coverage
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Progressive targets $50mn zero-coupon Bonanza Re coverage

progressive lgoo stock market chart.jpg

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.


Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article