Seventh Cat bond this year comes to market, worth £150m
US insurer USAA is marketing a $150m catastrophe bond to protect itself against potential losses from windstorms and earthquakes in the United States, Reuters reports.
The three-year bond, to be sold via USAA's Cayman Islands-based issuance vehicle Residential Re, will be split into three tranches of $50m.
Goldman Sachs, BNP Paribas and Aon Benfieldare managing the transaction, which is expected to be priced before the North Atlantic hurricane season starts on 1 June.
Websites
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
