Residential Re 2024 Ltd.

USAA

ACTIVE

Principal

$400M

Peril

multi peril

Trigger

ilw

Spread

400 bps

Bond Details

Issuance: 2024-01-15
Maturity: 2028-01-15
Expected Loss: 1.85%
Attachment: 2.1%
Exhaustion: 6.3%
Calculation Agent: RMS

CivilSense Assessment

Modeling Confidence

MEDIUM

Industry loss warranty trigger. CivilSense can estimate industry loss from event severity and affected exposure, but official PCS determination is independent. Our estimate serves as early warning before PCS publishes.

Last reviewed: 5/10/2026

Trigger Structure

{
  "type": "industry_loss_warranty",
  "geography": "Continental United States",
  "description": "US hurricane and earthquake industry loss exceeding PCS threshold",
  "index_provider": "PCS (Property Claim Services)",
  "perils_covered": [
    "hurricane",
    "earthquake"
  ],
  "attachment_loss_usd": 30000000000,
  "exhaustion_loss_usd": 50000000000,
  "measurement_period_months": 36
}

Trigger Evaluations

No trigger evaluations yet. Evaluations are generated when matching events occur.

View on Artemis Our Methodology

Questions about our catalog data? Calculation agents and sponsors can submit corrections to research@civilsense.io

For situational awareness only — not for investment decisions or emergency response. When available, CivilSense trigger evaluations are independent estimates and may differ from official calculation agent determinations.