USAA’s cat bonds ResRe 2021-11 and 2022-11 near an implied full loss
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

USAA’s cat bonds ResRe 2021-11 and 2022-11 near an implied full loss

The sponsor is estimating a loss of ~$300mn in relation to one of last month’s US tornado events.

By Jai Singh
April 09, 2025
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
finance graph trading.jpg

Secondary market pricing on USAA’s Residential Re 2021-11 and 2022-11 cat bond notes as of 4 April is implying a near-full loss to the deals, sources have told Insurance Insider ILS.

USAA

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Catastrophe bonds Property treaty USAA ILS managers Catastrophe losses North America
Gift this article