USAA’s new Residential Re cat bond upsized again to $430m
USAA has further upsized its latest catastrophe bond issuance to $430 million in size, demonstrating that investor appetite remained strong for the higher layers of its new Residential Reinsurance 2022 Limited (Series 2022-1) issuance. USAA returned to the catastrophe bond market earlier in April, seeking $375 million or more of collateralized multi-peril reinsurance from a five […]
Aspen Capital Markets AuM reaches $918m, fee income hits $61.4m
Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance company, has increased its third-party and insurance-linked securities (ILS) assets under management to almost $918 million, while earning $61.4 million in fees from these activities in 2021. The capital utilised in Aspen Capital Markets’ activities at the company rose by some 35% over the course […]
