Your search for “"Residential Re 2009"”

Standard & Poor’s have rated the notes of USAA’s planned catastrophe bond, Residential Re 2009. The tranches of the $150m deal, split into three of $50m each, have been rated ‘BB-‘, ‘B-‘ and ‘BB-‘ respectively. Further details of this deal have come to light through the S&P presale report. The deal will cover USAA and […]

USAA, who specialise in providing insurance to those in the U.S. military and long time sponsor of catastrophe bonds, is returning to the market once again and is currently marketing it’s 13th issuance in the Residential Re series.  Residential Reinsurance Ltd is their Cayman Islands based special purpose vehicle, it issued it’s first cat bond […]

Bermuda based reinsurer PartnerRe has issued a preliminary estimate of the losses it expects to see due to the tornado outbreak that impacted the U.S. during the last week of April 2011. This spell of tornadic weather caused hundreds of deaths and widespread damage, the worst of which was when impacted the state of Alabama, […]

Here’s a piece of news that you may not be expecting which has just broken and could hint at how the much discussed RMS risk model change may be reacted to by the ratings agencies. One tranche of USAA’s 2009 Residential Reinsurance 2009 Ltd. catastrophe bond has been downgraded due to an updated risk model, […]

Risk modeller EQECAT are the first to announce an estimated insured loss figure for the tornado which struck the city of Joplin, Missouri yesterday. As we wrote yesterday, we suspected that the storm was going to contribute a sizeable loss to the aggregate losses which have been mounting in this record U.S. tornado season, and […]

The recent U.S. midwest tornado outbreak is set to go down in history as one of the most active starts to the convective storm season and one of the most damaging on record as early loss estimates begin to be reported. The last two weeks have seen a huge number of convective storms which have […]

Having written in the last week about the volume of catastrophe bonds which are listed on the stock exchanges  in Bermuda and the Cayman Islands I thought it would be a good idea to list them out by domicile for your information. We are going to include this information into a new catastrophe bond Deal […]