Residential Reinsurance 2016 Ltd

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Residential Re 2016-2 cat bond achieves $400m for USAA

The 28th catastrophe bond from U.S. military mutual primary insurance USAA, Residential Reinsurance 2016 Ltd. (Series 2016-2), is set to achieve its upsize target and will provide the insurance firm with $400m of multi-peril, multi-year reinsurance cover Artemis understands.USAA has secured the increase in fully collateralised reinsurance coverage, that we explained read the full article →

USAA targets $400m from Residential Re 2016-2, as pricing drops

Insurer USAA is seeking to upsize its latest catastrophe bond issuance, with the Residential Reinsurance 2016 Ltd. (Series 2016-2) transaction now targeting from $280m to $400m of reinsurance coverage for the firm and sources said that price guidance has been reduced on all three tranches.U.S. military mutual primary insurer USAA read the full article →

USAA launches $280m Residential Re 2016-2 cat bond

U.S. military mutual primary insurer USAA is back with its latest catastrophe bond, targeting $280 million of multi-peril coverage from a Residential Reinsurance 2016 Ltd. (Series 2016-2) issuance.This is USAA's 28th securitization of insurance risk as a catastrophe bond, continuing its prolific use of the capital markets as a source read the full article →

ResRe 2016 cat bond to hit $250m, price at low-end of reduced guidance

USAA's latest catastrophe bond, the U.S. multi-peril, three tranche Residential Reinsurance 2016 Limited (Series 2016-1), is set to achieve the insurers upsized target of $250m of collateralised reinsurance cover, with all three tranches expected to price at the lowest end of the already reduced guidance.When the Residential Re 2016-1 catastrophe read the full article →

USAA targets $250m at lower pricing for Residential Re 2016 cat bond

U.S. military mutual insurer USAA is targeting an upsized $250m at lower and tightened pricing for its newest and 27th catastrophe bond, the three tranche, Residential Reinsurance 2016 Limited (Series 2016-1).The insurers latest cat bond, which sees it looking to expand the coverage of its Residential Re series to include read the full article →

USAA returns with $150m Residential Reinsurance 2016 cat bond

U.S. military mutual insurer USAA is returning to the capital markets for its latest, and 27th securitization of insurance risk, with a $150m, three tranche, Residential Reinsurance 2016 Limited (Series 2016-1) catastrophe bond.USAA remains the most prolific sponsor of cat bonds in the market’s history, with the insurer now having read the full article →