Residential Reinsurance 2007 Ltd.
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Residential Reinsurance 2007 Ltd. - At a glance:
- Issuer / SPV: Residential Reinsurance 2007 Ltd.
- Cedent / Sponsor: USAA
- Placement / structuring agent/s: ?
- Risk modelling / calculation agents etc: ?
- Risks / Perils covered: U.S. hurricane, U.S. earthquake
- Size: $600m
- Trigger type: Indemnity
- Ratings: S&P: Class 1 - 'BB', Class 2 - 'B', Class 3 - 'B', Class 4 - 'BB+', Class 5 - 'BB+'
- Date of issue: Jun 2007
Residential Reinsurance 2007 Ltd. - Full details
USAA’s latest and largest Residential Reinsurance catastrophe bond to date. This deal provides them with $600m of coverage from the capital markets for U.S. hurricane and earthquake risks.
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