USAA is set to close its Residential Re 2012 cat bond at $200mn after successfully tapping the market for a $40mn tranche of high-risk annual aggregate cover against multiple US perils, Trading Risk can reveal.
USAA is set to close its Residential Re 2012 cat bond at $200mn after successfully tapping the market for a $40mn tranche of high-risk annual aggregate cover against multiple US perils, Trading Risk can reveal.