USAA seeks $300mn from latest Residential Re cat bond
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USAA seeks $300mn from latest Residential Re cat bond

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United Services Automobile Association (USAA) has launched a new $300mn cat bond, Residential Re, this publication understands.

The reinsurer is seeking indemnity per-occurrence for tropical cyclones, earthquakes (including fire following), severe thunderstorms, winter storms, wildfires, volcanic eruptions and meteorite impacts across all 50 states of the United States and the District of Columbia.

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