USAA upsizes ResRe cat bond as pricing settles at lower end

01 November 2021

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The latest Residential Re cat bond from USAA has increased to a size of $300mn, or 33% higher than the initial $225mn sought, after pricing on the lower-risk layer tightened significantly, Trading Risk understands.

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USAA upsizes ResRe cat bond as pricing settles at lower end

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USAA upsizes ResRe cat bond as pricing settles at lower end

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM