USAA places $400mn of Res Re cat bond limit across three tranches
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

USAA places $400mn of Res Re cat bond limit across three tranches

USAA cat split screen.jpg

USAA has placed $400mn of Residential Re cat bond limit across three tranches of notes, with the $50mn of Class 2 zero-coupon notes pricing at 86.5% of the principal amount.

This gives a multiplier of 2.3x on the expected loss on the sensitivity case of 6.79%.

The bond will provide reinsurance coverage in US states and the District of Columbia for tropical cyclone, quake, severe thunderstorm, winter storm, wildfire, volcanic...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article