USAA looking to double size of Res Re cat bond

26 April 2023

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USAA has confirmed it is now seeking to raise $400mn for its Residential Re cat bond, more than doubling its initial target of $195mn.

The offering involves 144A principal at-risk variable rate notes providing per-occurrence coverage for 50 states of the US and the District of Columbia.

The

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USAA looking to double size of Res Re cat bond

USAA has confirmed it is now seeking to raise $400mn for its Residential Re cat bond, more than doubling its initial target of $195mn.

Fuel a smarter strategy with our actionable market intelligence

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USAA looking to double size of Res Re cat bond

USAA has confirmed it is now seeking to raise $400mn for its Residential Re cat bond, more than doubling its initial target of $195mn.

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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