Progressive targets $70mn Bonanza Re multi-peril bond
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Catastrophe bonds

Progressive targets $70mn Bonanza Re multi-peril bond

The single note is offering an effective coupon of 23.5% at the midpoint of guidance.

By Jai Singh
November 27, 2025
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Progressive Corporation is seeking $70mn of fresh Bonanza Re cat protection for certain of its wholly-owned entities, this publication understands.

The

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