Residential Reinsurance 2018 Ltd. (Series 2018-1)

U.S. primary mutual insurer USAA has added another just more than $57.4 million to the reinsurance recoveries made under its Residential Re catastrophe bond program, as it continues to benefit from the catastrophe protection the program has provided it through recent heavy loss years.

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.

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.

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.

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.

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.

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.