Residential Reinsurance Ltd. (1998)

The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.

Share

Residential Reinsurance Ltd. (1998) – At a glance:

  • Issuer: Residential Reinsurance Ltd. (1998)
  • Cedent / sponsor: USAA
  • Placement / structuring agent/s: ?
  • Risk modelling / calculation agents etc: ?
  • Risks / perils covered: U.S. hurricane risks
  • Size: $450m
  • Trigger type: Indemnity
  • Ratings: S&P: 'BB'
  • Date of issue: Jun 1998

Residential Reinsurance Ltd. (1998) – Full details:

Similar cat bond to their 1997 issuance. This issuance gives USAA catastrophe reinsurance to cover a portion of the risk of hurricane losses for policyholders in District of Columbia and the following states: Alabama, Connecticut, Delaware, Florida, Georgia, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont and Virginia.

This Residential Re transaction pays claims in excess of $1 billion arising from a category 3, 4 or 5 storm on the Saffir-Simpson index.

———————————————————————
Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

« Go back to the Catastrophe Bond Deal Directory

Help us keep this valuable resource up to date. If you have information on a catastrophe bond or insurance-linked security deal we have not covered or can see something that we should change, please contact us to let us know.