Residential Reinsurance 2015 Ltd. (Series 2015-II)

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Residential Re 2015-2 cat bond prices at upper end of tightened range

U.S. military mutual insurer USAA’s Residential Reinsurance 2015 Ltd. (Series 2015-2) catastrophe bond transaction has now been priced at the top end of the tightened coupon range, while still remaining at the upsized $125 million.The cat bond launched 10 days ago, seeking $100 million of collateralized reinsurance protection for USAA, read the full article →

USAA’s Residential Re 2015-2 cat bond grows to $125m

Further to yesterdays update to U.S. military mutual insurer USAA’s Residential Reinsurance 2015 Ltd. (Series 2015-2) catastrophe bond deal, which saw the transaction price guidance narrow, it's now emerged that the deal has upsized to $125 million.From launch the Residential Re 2015-2 cat bond was seeking $100 million of protection read the full article →

Residential Re 2015-2 cat bond pricing tightens at low end of guidance

The price or coupon guidance for U.S. military mutual insurer USAA's Residential Reinsurance 2015 Ltd. (Series 2015-2) catastrophe bond has tightened at the low end of the marketed range, as investors once again show their support for this prolific sponsor.The Residential Re 2015-2 is the 25th time that insurer USAA read the full article →

USAA back with Residential Re 2015-2 $100m multi-peril cat bond

U.S. military mutual insurer USAA is back in the catastrophe bond market again looking to expand its use of capital markets backed reinsurance capacity, with a $100 million, single tranche issuance Residential Reinsurance 2015 Ltd. (Series 2015-2).In recent years USAA has stuck to a strict schedule, issuing one catastrophe bond read the full article →