Residential Reinsurance 2020 Ltd. (Series 2020-1)


USAA pulls riskier ResRe 2020 cat bond tranche & settles for $100m

U.S. primary mutual insurer USAA has elected to withdraw the riskier tranche from its newest Residential Reinsurance 2020 Limited (Series 2020-1) catastrophe bond transaction and despite aiming to slightly upsize the remaining lower-risk layer of the issuance has now settled for $100 million of coverage, we understand. We're told this is read the full article →

Cat bond investors force pandemic exclusion into new ResRe deal from USAA

In a show of discipline by the catastrophe bond investor base, we're told that the new cat bond from USAA, the $100 million or greater Residential Reinsurance 2020 Limited (Series 2020-1) deal, has now had a pandemic exclusion forced into its documentation. USAA returned to market just this week with the read the full article →

USAA returns with first Residential Re catastrophe bond of 2020

USAA has returned to the catastrophe bond market for its first issuance of 2020, with a currently $100 million plus sized Residential Reinsurance 2020 Limited (Series 2020-1) transaction seeking multi-peril reinsurance protection, that will become the insurers 35th cat bond issuance if successfully completed. USAA is the most prolific and consistent read the full article →