Your search for “"Residential Re 2008"”

USAA are seeking a return to the catastrophe bond market with the latest in their Residential Reinsurance series of transactions. Three tranches of Series 2011-1 notes are being issued by Cayman Islands domiciled special purpose reinsurance vehicle Residential Reinsurance 2011 Ltd. It will be their 16th natural catastrophe securitization to date.

Two classes of catastrophe bond notes issued by Residential Reinsurance 2008 Ltd. and Residential Reinsurance 2009 Ltd. have been accumulating aggregate losses over the past year including some from recent severe thunderstorm events in the U.S. The Residential Re cat bonds were issued by USAA to provide them with cover for a range of perils […]

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 […]

Yesterday Standard & Poor’s took action on six natural catastrophe bonds and lowered their ratings. All the bonds were deals placed during 2007 and 2008. Caelus Re Ltd. from Nationwide Mutual, Carillon Ltd. from Munich Re, East Lane Re Ltd and East Lane Re II Ltd. both from Chubb Group and Residential Re 2008 Ltd. […]

Wildfires are raging again in southern California, destroying hundreds of homes and causing many to flee the area. A state of emergency has been declared in Orange, Los Angeles and Santa Barbara counties as winds have been fanning the flames making the fire-crews work even more dangerous. The last few years have seen an increasingly […]

USAA have just become the largest issuer of catastrophe bonds ever by completing their 12th deal in as many years. Residential Re 2008has just closed to cover USAA for windstorm, earthquake and other peril risks. Since 1997 USAA has issued nearly $3b worth of natural catastrophe bonds, the largest by volume issued. Details of this […]

The insurance press is awash with stories of catastrophe bond deals readying to be issued. Currently in the pipeline (according to the news) are a transaction dubbed Valais from Flagstone Re (rumoured by Reinsurance Magazine to be a $120m retrocessional catastrophe deal), a second issue in the Nelson Re series from Glacier Re, the next […]