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

Stone Ridge’s ILS AuM grows 4% to $5.1bn as of 31 January

Servatius takes CIO role at Swiss Re ILS management

Radix ILS hires former Aon employees in PM and actuary roles

ICA pegs 2025 extreme-weather insured losses at A$1.2bn

Florida Peninsula prices Palm Re bond 10% below guidance at 775bps