USAA seeks $600m Res Re 2026-1 cat bond. Could be its largest ever & first Florida tranche
1st April 2026US military mutual insurer USAA is back in the catastrophe bond market for its 47th sponsorship that we have analysed and tracked, with an initial target for $600 million of reinsurance from this Residential Reinsurance 2026 Limited (Series 2026-1) issuance that could make it the largest ever in the series.
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