For the third year running, the Texas Windstorm Insurance Association (TWIA) is actively considering whether a catastrophe bond should make up part of the windstorm insurer of last resorts reinsurance and risk transfer arrangements for 2014.
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The Texas Windstorm Insurance Association (TWIA) has once again been considering the use of catastrophe bonds as part of its reinsurance and risk transfer arrangements in 2013. TWIA is an insurer of last resort which provides windstorm and hail insurance to Texas Gulf Coast property owners who might otherwise be left uninsured. It’s not the first […]
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The Texas Windstorm Insurance Association (TWIA), the property insurer of last resort for Texas Gulf Coast property owners exposed to windstorms and hail, has today been holding its latest quarterly board of directors meeting. We wrote back in November here that the TWIA actuarial committee had recommended that an item be placed on the agenda […]
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The Texas Windstorm Insurance Association (TWIA), the insurer of last resort who provide windstorm and hail insurance to Texas Gulf Coast property owners who might otherwise be left uninsured, is the latest semi-governmental insurer to look seriously at the catastrophe bond market as a way to complement their reinsurance and risk transfer program. A meeting […]
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The Texas Windstorm Insurance Association, the insurer of last resort who provide windstorm and hail insurance to Gulf Coast property owners who might otherwise be left uninsured, have topped up their coverage by purchasing $636m of reinsurance from the private market.
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The Texas Windstorm Insurance Association (TWIA) has now secured the upsized target of $1.4 billion of collateralized reinsurance from its new Alamo Re Ltd. (Series 2024-1) catastrophe bond, as the deal has now priced which confirms it will be the second biggest cat bond ever issued.
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The Texas Windstorm Insurance Association (TWIA) has for a second time lifted the target size of its new Alamo Re Ltd. (Series 2024-1) catastrophe bond, with the residual market insurer now aiming to secure $1.4 billion of reinsurance from the capital markets with this deal.
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The Texas Windstorm Insurance Association (TWIA) is now targeting sponsorship of what could be the second largest catastrophe bond issuance the market has ever seen, as the size of its new Alamo Re Ltd. (Series 2024-1) issuance has doubled to $1.2 billion, with the pricing narrowed towards the lower-end for each tranche of notes.
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The Texas Windstorm Insurance Association (TWIA), the residual market property insurer for the State of Texas, has returned to the catastrophe bond market seeking to place a large $600 million Alamo Re Ltd. (Series 2024-1) issuance as it looks to build-out its reinsurance for the years ahead with the help of the capital markets, Artemis […]
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The Board of the Texas Windstorm Insurance Association (TWIA) met today and has confirmed a 1-in-100 year PML for 2024 funding purposes at a new high of $6.5 billion, meaning the insurer of last resort will seek to require just over $4 billion in reinsurance limit for the 2024 wind season.
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