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TWIA’s reinsurance renewal rate-on-line up 19% at 2020 renewal

In renewing its $2.1 billion reinsurance and catastrophe bond program for 2020, the Texas Windstorm Insurance Association (TWIA) paid some 19% more in terms of overall rate-on-line (ROL) compared to the prior year. Reflecting the hardening of reinsurance rates, particularly in catastrophe exposed property lines that have faced losses in recent read the full article →

TWIA hits $2.1bn reinsurance renewal target, thanks to upsized cat bond

The Texas Windstorm Insurance Association (TWIA) has successfully secured the $2.1 billion of reinsurance protection it was targeting for the 2020 storm season, with its new catastrophe bond and its doubling in size a key piece of the renewal for the residual market insurer. As we explained before, TWIA had been read the full article →

TWIA’s new Alamo Re 2020 cat bond doubles in size to $400m

The Texas Windstorm Insurance Association's (TWIA) new Alamo Re II Pte. Ltd. (Series 2020-1) catastrophe bond issuance has successfully been doubled in size thanks to strong demand from investors and will now provide the residual market property insurer $400 million of reinsurance protection. TWIA returned to the catastrophe bond market last read the full article →

TWIA lifts Alamo Re 2020 cat bond target to $300m-$400m

The Texas Windstorm Insurance Association (TWIA) has lifted its target for the recently launched Alamo Re II Pte. Ltd. (Series 2020-1) catastrophe bond issuance, with as much as $400 million of reinsurance capacity from the capital markets now on the cards. TWIA returned to the catastrophe bond market last week with read the full article →

TWIA’s new Alamo Re II cat bond another to shift to Singapore in 2020

The Texas Windstorm Insurance Association's (TWIA) new catastrophe bond is the latest issuance to have shifted domicile to Singapore, with the special purpose reinsurance vehicle used for the transaction being named Alamo Re II Pte. Ltd. The transaction was launched to the cat bond investment community this week, but we were read the full article →