Residential Reinsurance 2016 Ltd. (Series 2016-2)

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Outstanding catastrophe bond market hits $26 billion again

The outstanding catastrophe bond market has reached and passed $26 billion in size again, the first time since early April 2016, as the completion of the CEA's $500m Ursa Re Ltd. (Series 2016-1) cat bond and American Strategic Insurance Group's $200m Bonanza Re Ltd. (Series 2016-1).The completion of these two read the full article →

2016 cat bonds top $5.3bn, USAA tops cat bond sponsor leaderboard

U.S. military mutual insurer USAA has topped the Artemis catastrophe bond sponsor leaderboard after its latest cat bond transaction completed last Friday, adding $400m to 2016 issuance and taking total risk capital issued year-to-date to $5.327 billion.The completion of USAA's $400m multi-peril Residential Reinsurance 2016 Ltd. (Series 2016-2) catastrophe bond read the full article →

Residential Re 2016-2 cat bond achieves $400m for USAA

The 28th catastrophe bond from U.S. military mutual primary insurance USAA, Residential Reinsurance 2016 Ltd. (Series 2016-2), is set to achieve its upsize target and will provide the insurance firm with $400m of multi-peril, multi-year reinsurance cover Artemis understands.USAA has secured the increase in fully collateralised reinsurance coverage, that we explained read the full article →

USAA targets $400m from Residential Re 2016-2, as pricing drops

Insurer USAA is seeking to upsize its latest catastrophe bond issuance, with the Residential Reinsurance 2016 Ltd. (Series 2016-2) transaction now targeting from $280m to $400m of reinsurance coverage for the firm and sources said that price guidance has been reduced on all three tranches.U.S. military mutual primary insurer USAA read the full article →

USAA launches $280m Residential Re 2016-2 cat bond

U.S. military mutual primary insurer USAA is back with its latest catastrophe bond, targeting $280 million of multi-peril coverage from a Residential Reinsurance 2016 Ltd. (Series 2016-2) issuance.This is USAA's 28th securitization of insurance risk as a catastrophe bond, continuing its prolific use of the capital markets as a source read the full article →