Espada Reinsurance Limited (Series 2016-1)


USAA makes some ResRe & Espada Re cat bond recoveries. Extends further

U.S. primary mutual insurer USAA has made a number of reinsurance recoveries under its catastrophe bond programs it appears, reducing the principal outstanding on a number of tranches of both in-force and maturity extended cat bonds in the Residential Reinsurance series and its Espada Reinsurance deals.Two of USAA's still in-force read the full article →

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 →