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 Texas Windstorm Insurance Association (TWIA) has now secured double its initial target for reinsurance from its new 144a Alamo Re Ltd. (Series 2023-1) catastrophe bond, with the issuance having its pricing fixed at $500 million in size, with a spread around 7% lower than the mid-point of initial guidance.
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The Texas Windstorm Insurance Association (TWIA) has raised its target for reinsurance from its new 144a Alamo Re Ltd. (Series 2023-1) catastrophe bond issuance, with now up to $500 million of cover sought, which would be a doubling of the initially targeted size.
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The Texas Windstorm Insurance Association (TWIA) has upsized its reinsurance target to as much as $450 million for its latest venture to the catastrophe bond market, focusing solely on the 144a cat bond notes through an Alamo Re Ltd. (Series 2023-1) issuance.
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The Texas Windstorm Insurance Association (TWIA) is now back in the catastrophe bond market and seemingly looking to maximise the opportunity with a dual series issuance of Alamo Re Ltd. (Series 2023-1 & 2023-2) cat bonds, one series offering Rule 144A notes, the other Section 4(A)2, Artemis understands.
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The Texas Windstorm Insurance Association (TWIA) has now successfully secured its new catastrophe bond backed reinsurance protection at an upsized $200 million, with pricing for the Alamo Re Ltd. (Series 2022-1) cat bond finalised at the top of initial guidance.
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The Texas Windstorm Insurance Association (TWIA) is back in the catastrophe bond market as it puts together its reinsurance tower, seeking a $185 million or greater Alamo Re Ltd. (Series 2022-1) cat bond that will act as a renewal of a maturing issuance from 2019.
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