40th Residential Re cat bond launches for USAA with $200m target
USAA, perhaps the most consistent of catastrophe bond sponsors, at least of any primary company, is back in the cat bond market with what will be its 40th deal under the Residential Re name, seeking $200 million or more in multi-peril reinsurance protection from a Residential Reinsurance 2023 Limited (Series 2023-1) issuance. USAA has been sponsoring […]
Global reinsurer capital declined $100bn YoY in 2022: Aon
Aon has estimated that global reinsurer capital has declined by 15%, or $100 billion, to $575 billion as at the end of December 2022, driven by substantial unrealised losses on investment portfolios. According to Aon, most reinsurers reported significant premium growth in 2022 on the back of rate increases, robust demand and foreign exchange movements. […]
