Residential Reinsurance 2018 Ltd. (Series 2018-1)

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USAA recovers another $62.6m from Residential Re cat bonds

U.S. primary mutual insurer USAA continues to make reinsurance recoveries under its Residential Re catastrophe bond program, with the latest loss payments to come to light amounting to almost $62.6 million.USAA's Residential Reinsurance catastrophe bonds were exposed to a range of catastrophe loss events over the course of 2017 and read the full article →

USAA makes further $10m ResRe cat bond recovery. Extends further

U.S. primary mutual insurer USAA appears to have made another reinsurance recovery under one of its Residential Re catastrophe bond programs, while other ResRe tranches have had their maturity extended further again.We explained recently that USAA had begun to benefit from some reinsurance recoveries under its cat bonds, as it read the full article →

USAA makes some ResRe & Espada Re cat bond recoveries. Extends further

U.S. primary mutual insurer USAA has made a number of reinsurance recoveries under its catastrophe bond programs it appears, reducing the principal outstanding on a number of tranches of both in-force and maturity extended cat bonds in the Residential Reinsurance series and its Espada Reinsurance deals.Two of USAA's still in-force read the full article →

USAA to settle for $300m Residential Re 2018 cat bond, at low pricing

U.S. primary military mutual insurer USAA is set to secure a $300 million multi-year and multi-peril source of fully-collateralized reinsurance through the issuance of its latest catastrophe bond Residential Reinsurance 2018 Ltd. (Series 2018-1), with pricing that has settled below the initial spread guidance.This is USAA's 31st time of sponsoring read the full article →

Residential Re 2018 cat bond target jumps to $325m for USAA

The top-end of the target size for U.S. primary military mutual insurer USAA's latest, the Residential Reinsurance 2018 Ltd. (Series 2018-1) transaction, has been lifted to as much as $325 million, an 85% increase on the launch size and at the same time the pricing is set to drop.USAA, the read the full article →

Residential Re 2018 cat bond launched at $175m for USAA

U.S. primary military mutual insurer USAA is back to sponsor its 31st catastrophe bond issuance with a $175 million Residential Reinsurance 2018 Ltd. (Series 2018-1) transaction, that seeks aggregate reinsurance protection against losses from multiple catastrophe and weather perils.USAA is the most prolific catastrophe bond sponsor still, with regular issuances read the full article →