USAA looking to double size of Res Re cat bond
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USAA looking to double size of Res Re cat bond

USAA cat split screen.jpg

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.


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