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USAA’s Espada Re to secure $50m of reinsurance at top-end of pricing

U.S. military mutual insurer USAA's new catastrophe bond, the Espada Reinsurance Limited (Series 2016-1) transaction, is set to complete at the lower end of the insurers volume ambitions, securing just $50m of reinsurance, while the pricing has been set at the top-end of guidance.The Espada Re 2016-1 catastrophe bond saw read the full article →

Espada Re 2016-1 cat bond sees USAA looking for broader protection

U.S. military mutual insurer USAA has returned to the catastrophe bond market with a new issuance vehicle and different approach, as it seeks a source of broad multi-year and peril reinsurance protection from the capital markets through an Espada Reinsurance Limited (Series 2016-1) transaction.This marks the first time USAA has read the full article →