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USAA takes $48.8m of reinsurance recoveries from ResRe cat bonds

U.S. primary mutual insurer USAA has benefited from another almost $48.8 million of reinsurance recoveries under two of its outstanding and extended Residential Re catastrophe bonds, while also releasing a significant chunk of retained collateral back to investors as well. USAA has made a number of reinsurance recoveries under its catastrophe read the full article →