Residential Reinsurance 2020 Ltd

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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 →

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 →