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Outstanding catastrophe bond market hits $26 billion again

The outstanding catastrophe bond market has reached and passed $26 billion in size again, the first time since early April 2016, as the completion of the CEA's $500m Ursa Re Ltd. (Series 2016-1) cat bond and American Strategic Insurance Group's $200m Bonanza Re Ltd. (Series 2016-1).The completion of these two read the full article →

2016 cat bonds top $5.3bn, USAA tops cat bond sponsor leaderboard

U.S. military mutual insurer USAA has topped the Artemis catastrophe bond sponsor leaderboard after its latest cat bond transaction completed last Friday, adding $400m to 2016 issuance and taking total risk capital issued year-to-date to $5.327 billion.The completion of USAA's $400m multi-peril Residential Reinsurance 2016 Ltd. (Series 2016-2) catastrophe bond read the full article →

USAA’s Residential Re 2014-1 cat bond hits $130m at pricing

U.S. primary insurer USAA’s latest and 22nd catastrophe bond issuance, Residential Reinsurance 2014 Ltd. (Series 2014-1), will complete at $130m in size while the deals pricing remained at mid and upper levels for the two tranche's to be issued.USAA's Residential Re 2014-1 was launched targeting between $100m and $150m of read the full article →

Residential Re 2014-1 cat bond to upsize, pricing moves to mid/upper end

U.S. primary and military mutual insurer USAA’s 22nd catastrophe bond issuance, Residential Reinsurance 2014 Ltd. (Series 2014-1), is progressing to market and is set to grow in size while pricing on each tranche of notes moves to the mid and upper end of guidance.This latest cat bond from USAA features read the full article →

Residential Re 2014-1 cat bond launches for USAA, features new perils

The most prolific sponsor of catastrophe bonds is back with its regular new issue timed for its mid-year reinsurance renewal. USAA has launched a Residential Reinsurance 2014 Ltd. (Series 2014-1) cat bond and the transaction features some new perils for the ILS market.This is the 22nd catastrophe bond transaction sponsored by read the full article →

ResRe 2013-2 takes Cayman Islands Stock Exchange to 200 cat bond listings

With the listing of insurer USAA’s latest, and twenty-first, catastrophe bond transaction, Residential Reinsurance 2013 Ltd. (Series 2013-2), the Cayman Islands Stock Exchange (CSX) has announced its 200th catastrophe bond listing on the exchange.USAA’s latest cat bond, which provides it with a source of fully-collateralized reinsurance protection, using an indemnity read the full article →

Residential Re 2013-2 cat bond prices at lowest end of guidance

Primary and military mutual insurer USAA’s latest, and twenty-first, catastrophe bond transaction, Residential Reinsurance 2013 Ltd. (Series 2013-2), has been priced at the lowest end of the guidance ranges, demonstrating investors appetite for riskier cat bond tranches.USAA's latest cat bond contains perhaps the riskiest tranche, with the highest probability of read the full article →

USAA upsizes riskier tranche of Residential Re 2013-2 cat bond, price drops

Insurance-linked securities (ILS) investors have shown their willingness to take on new levels of catastrophe reinsurance risk, helping USAA's latest cat bond, Residential Reinsurance 2013 Ltd. (Series 2013-2), increase in size while price guidance has dropped to below the originally marketed range.Sources told Artemis that investors have confirmed their interest read the full article →

More detail on USAA’s Residential Reinsurance 2013-2 cat bond

Artemis has now gleaned some more detail on U.S. primary and military mutual insurer USAA's twenty-first catastrophe bond transaction under the Residential Re name,  Residential Reinsurance 2013 Ltd. (Series 2013-2).Residential Reinsurance 2013-2 launched to investors last week and sees USAA looking to secure another source of fully-collateralized, capital markets backed, read the full article →

Residential Re 2013-2 catastrophe bond launches for USAA

U.S. primary insurer and military focused mutual insurer USAA is returning to the catastrophe bond market once again with a dual-tranche Residential Reinsurance 2013 Ltd. (Series 2013-2), offering investors both high and low yield opportunities.It's now over sixteen years since the first Residential Reinsurance catastrophe bond was sponsored by USAA read the full article →