Residential Reinsurance 2020 Ltd. (Series 2020-2)

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USAA gets $400m ResRe cat bond. Lower-risk tranches price down

USAA has successfully secured the upsized target of $400 million of reinsurance limit from its latest catastrophe bond transaction, with the two lower-risk tranches of the Residential Reinsurance 2020 Limited (Series 2020-2) transaction pricing down significantly for the insurer. USAA returned to the catastrophe bond market around mid-October with its second read the full article →

USAA increases Residential Re 2020-2 cat bond target to $400m

U.S. primary mutual insurer USAA has increased its target size for its latest catastrophe bond, with the insurer now aiming to secure as much as $400 million of multi-year, fully collateralized, multi-peril catastrophe reinsurance protection from the capital markets with its new Residential Reinsurance 2020 Limited (Series 2020-2) transaction. USAA returned read the full article →

USAA returns for $300m Residential Re 2020-2 catastrophe bond issue

U.S. primary mutual insurer USAA is back in the catastrophe bond market with its second transaction of 2020, a Residential Reinsurance 2020 Limited (Series 2020-2) deal that seeks $300 million of multi-year, fully collateralized, multi-peril catastrophe reinsurance protection from the capital markets for the carrier. USAA remains the most prolific and read the full article →