The Texas Windstorm Insurance Association’s (TWIA) latest Alamo Re Ltd. (Series 2017-1) catastrophe bond is now set to achieve its upsized target of $400 million, while at the same time the cost of the reinsurance coverage looks particularly efficient with pricing of the coupon now fixed at below guidance.
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The Texas Windstorm Insurance Association’s (TWIA) target for its third catastrophe bond transaction, Alamo Re Ltd. (Series 2017-1), has been lifted while the deal is being marketed, with the insurer now seeking up to $400 million of reinsurance coverage and at keener pricing, as the guidance has now been lowered.
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The Texas Windstorm Insurance Association (TWIA) is returning to the catastrophe bond market for its third transaction, a $250 million Alamo Re Ltd. (Series 2017-1) deal, which again sees Hannover Re acting as the sponsor, but this time the cat bond will cover TWIA for losses from Texas severe thunderstorms for the first time, alongside […]
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