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USAA extends $225m of $400m ResRe 2021-1 cat bond, allowing for loss development - Artemis.bm
Summary by Artemis.bm - The Catastrophe Bond, Insurance Linked Securities & Investment, Reinsurance Capital, Al
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USAA extends $225m of $400m ResRe 2021-1 cat bond, allowing for loss development - Artemis.bm
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Insurer USAA has extended the maturity for $225 million of catastrophe bond notes issued under its originally $400 million Residential Reinsurance 2021 Limited (Series 2021-1) aggregate cat bond issuance, allowing for further development of losses to identify if any reinsurance recoveries become due. Recall that a number of aggregate…
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