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Residential Reinsurance 2017 Ltd. (Series 2017-1)

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Residential Re 2017-1 cat bond to complete at $425m for USAA

19th April 2017

U.S. primary military mutual insurance group USAA is now set to secure $425 million of fully-collateralized reinsurance coverage through its new Residential Reinsurance 2017 Ltd. (Series 2017-1) catastrophe bond, with pricing settling at the bottom end of reduced guidance for two tranches, but at the top for a zero-coupon, riskier layer.

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