Residential Reinsurance 2006 Ltd.
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Residential Reinsurance 2006 Ltd. - At a glance:
- Issuer / SPV: Residential Reinsurance 2006 Ltd.
- Cedent / Sponsor: USAA
- Placement / structuring agent/s: ?
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: U.S. hurricane, U.S. earthquake
- Size: $117.5m
- Trigger type: Indemnity
- Ratings: S&P: Class A - 'B', Class B - 'BB+'
- Date of issue: May 2006
Residential Reinsurance 2006 Ltd. - Full details
USAA’s 2006 Residential Re cat bond transaction. This deal secures them a new layer of cover for U.S. hurricanes and earthquakes via a $117.5m catastrophe bond.
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