Residential Reinsurance 2002 Ltd.
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Residential Reinsurance 2002 Ltd. - At a glance:
- Issuer / SPV: Residential Reinsurance 2002 Ltd.
- Cedent / Sponsor: USAA
- Placement / structuring agent/s: ?
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: U.S. hurricane
- Size: $125m
- Trigger type: Indemnity
- Ratings: S&P: 'BB+'
- Date of issue: May 2002
Residential Reinsurance 2002 Ltd. - Full details
Another cat bond from USAA’s Residential Reinsurance series of deals which see’s them transfer another $125m of U.S. hurricane risks to the capital markets.
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