Your search for “residential reinsurance”

Further details have now emerged on the latest catastrophe bond transaction (which we wrote about earlier this month) to be issued under the Residential Reinsurance name. Residential Reinsurance 2010 has been given a preliminary size of $375m, split over three tranches, although we believe that amount could grow due to demand for this the 14th […]

USAA are preparing to market their 14th catastrophe bond. The most prolific single issuer of cat bond transactions is readying yet another Residential Reinsurance Ltd. deal to be issued under their Cayman Islands based SPV. Residential Re 2010 is expected to provide similar cover to their previous transactions (usually U.S. hurricane and earthquake risks).

USAA’s 13th catastrophe bond in the Residential Re series, Residential Reinsurance 2009 Ltd. has been in demand. The deal started life as $150m, but due to  what is assumed to be a combination of investor demand and USAA sensing the opportunity to transfer more risk to the capital markets, it’s been increased to $250m. Originally […]

USAA has now successfully priced its latest catastrophe bond to secure it a reduced amount of protection after one tranche of notes from the Residential Reinsurance 2024 Limited (Series 2024-1) issuance were dropped, with the remaining two multi-year tranches now finalised and set to provide it with $125 million of annual aggregate multi-peril reinsurance.

USAA, the primary military mutual insurance company, has now successfully secured its latest catastrophe bond, the Residential Reinsurance 2023 Limited (Series 2023-2) deal, one-third larger than the initial target, to provide it $400 million of multi-peril and multi-year collateralized catastrophe reinsurance protection.

USAA, likely the most prolific and consistent of sponsors of catastrophe bonds, is back with what will be the 42nd we have listed from the company, seeking $300 million or more in multi-peril US reinsurance protection from the capital markets through a Residential Reinsurance 2023 Limited (Series 2023-2) issuance.

U.S. primary mutual insurer USAA has added another just more than $57.4 million to the reinsurance recoveries made under its Residential Re catastrophe bond program, as it continues to benefit from the catastrophe protection the program has provided it through recent heavy loss years.

Florida’s Citizens Property Insurance Corporation, the insurer of last resort that is currently in the catastrophe bond market with a new issuance that could approach $1.25 billion in size, is set to increase its budget for reinsurance and risk transfer spend for 2024 to a maximum of $750 million.

Florida’s property insurer of last resort, Citizens Property Insurance Corporation, has said that its sees market conditions as especially positive in the capital markets, as it looks to progress its $5.5 billion reinsurance renewal for 2024.

USAA, the most prolific and consistent sponsor of catastrophe bonds, has returned for what will be the 43rd issuance we have listed from the company, seeking $175 million or more in aggregate multi-peril US reinsurance from the capital markets through a Residential Reinsurance 2024 Limited (Series 2024-1) issuance.