USAA seeking $400mn of US multi-peril coverage with ResRe cat bond
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USAA seeking $400mn of US multi-peril coverage with ResRe cat bond

The issuance is split across three tranches with varying degrees of risk.

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USAA cat split screen.jpg

United Services Automobile Association (USAA) is seeking $400mn of limit with its latest Residential Re cat bond issuance.

The bond will provide multi-peril coverage in all 50 US states and the District of Columbia on an indemnity, annual aggregate basis.

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