Insurer USAA has extended the maturity for $225 million of catastrophe bond notes issued under its originally $400 million ...

and is the latest from the long-running Residential Re cat bond programme by USAA, which sold the very first cat bond in 1997. USAA closed the four-year Class 1 notes at $57 million, increased ...

LONDON, Feb 20 (Reuters) - U.S. insurer USAA will not be able to cash in on ... Insurers and reinsurers use "cat bonds" to manage their exposure to natural disasters by transferring some of ...

a news and analysis website that tracks cat bonds, calls USAA “the most prolific sponsor of catastrophe bonds.” This marks the 22nd cat bond the company has sponsored since 1997. Asked for his ...

The cat bond has an indemnity trigger, with payout based on actual losses. With more than $125 billion in assets, USAA Group is one of the 10 largest property/casualty insurers in the United ...