USAA gets upsized $400m Res Re 2025-2 cat bond with meaningfully reduced pricing
20th October 2025Insurer USAA has secured its upsized $400 million target for multi-peril per-occurrence reinsurance from its latest catastrophe bond issuance, as the Residential Reinsurance 2025 Limited (Series 2025-2) deal has now been priced with its spreads finalised at the low-ends of their twice-reduced guidance.
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