Residential Reinsurance 2017 Ltd. (Series 2017-1)

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USAA puts another ResRe cat bond on watch list, extends others

U.S. primary military mutual insurer USAA has added another of its catastrophe bonds to the list of those considered at-risk of facing losses, extending the maturity on the $55 million per-occurrence Class 1 tranche of its Residential Reinsurance 2017 Ltd. (Series 2017-2) transaction.The move suggests that USAA is holding this read the full article →

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

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 read the full article →

USAA lifts Residential Re 2017-1 cat bond target to $450m

U.S. primary insurance group USAA has increased the target size of its new Residential Reinsurance 2017 Ltd. (Series 2017-1) catastrophe bond by 50% to as much as $450 million, as the company looks to take advantage of attractive cat bond market conditions.With 28 catastrophe bond issues already under its belt, read the full article →

$300m Residential Reinsurance 2017-1 cat bond launches for USAA

U.S. primary military mutual insurer USAA is back once again in the catastrophe bond market, with what will be the company's 29th securitization of insurance risk, seeking a $300 million source of multi-peril collateralized reinsurance coverage through a Residential Reinsurance 2017 Ltd. (Series 2017-1) issuance.USAA remains the most prolific sponsor read the full article →