New Residential Re cat bond among first post-HIM ILS deals
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New Residential Re cat bond among first post-HIM ILS deals

Trading Risk
18 October 2017
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USAA is seeking to raise $225mn from a new cat bond, according to Trading Risk sources.

The three-tranche Residential Re 2017-2 covers 50 US states and the District of Columbia, but one notably high-risk, one-year tranche excludes Florida.

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