Residential Reinsurance 2013 Ltd

With the listing of insurer USAA’s latest, and twenty-first, catastrophe bond transaction, Residential Reinsurance 2013 Ltd. (Series 2013-2), the Cayman Islands Stock Exchange (CSX) has announced its 200th catastrophe bond listing on the exchange.

Primary and military mutual insurer USAA’s latest, and twenty-first, catastrophe bond transaction, Residential Reinsurance 2013 Ltd. (Series 2013-2), has been priced at the lowest end of the guidance ranges, demonstrating investors appetite for riskier cat bond tranches.

Insurance-linked securities (ILS) investors have shown their willingness to take on new levels of catastrophe reinsurance risk, helping USAA’s latest cat bond, Residential Reinsurance 2013 Ltd. (Series 2013-2), increase in size while price guidance has dropped to below the originally marketed range.

Artemis has now gleaned some more detail on U.S. primary and military mutual insurer USAA’s twenty-first catastrophe bond transaction under the Residential Re name,  Residential Reinsurance 2013 Ltd. (Series 2013-2).

U.S. primary insurer and military focused mutual insurer USAA is returning to the catastrophe bond market once again with a dual-tranche Residential Reinsurance 2013 Ltd. (Series 2013-2), offering investors both high and low yield opportunities.

The Residential Reinsurance 2013 Ltd. (Series 2013-1) catastrophe bond from regular cat bond sponsor U.S. primary insurer and military focused mutual insurer USAA completed successfully last Friday. The completion of its 20th Residential Re cat bond sees USAA benefit from a new $300m source of fully-collateralized reinsurance for a range of U.S. perils.

The Residential Reinsurance 2013 Ltd. (Series 2013-1) catastrophe bond, the 20th Res Re cat bond deal from prolific sponsor the U.S. primary insurer and military focused mutual insurer USAA, has now priced. Once again, as with all recent cat bond deals, the risk premium paid to investors has dropped even further by the time the […]

U.S. primary insurer and military focused mutual insurer USAA has become the latest cat bond sponsor to see its new transaction increase in size and pricing expectations for the deal drop due to demand from investors. Residential Reinsurance 2013 Ltd. (Series 2013-1) is the 20th cat bond USAA has sponsored under the Residential Re banner […]

We now have more detailed information about the recently launched catastrophe bond transaction from U.S. primary insurer and military focused mutual insurer USAA. The $250m Residential Reinsurance 2013 Ltd. (Series 2013-1) is the 20th cat bond USAA has sponsored under the Residential Reinsurance banner, and once completed will take the total risk transferred via cat […]

U.S. primary insurer USAA, the most prolific of catastrophe bond sponsors in the primary insurer category, has launched its 20th cat bond transaction today according to sources. Residential Reinsurance 2013 Ltd. (Series 2013-1) is the 20th entry of a USAA sponsored cat bond in our Deal Directory. In total the previous 19 deals add up to […]