Alamo Re Ltd. Series 2017-1

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TWIA’s Alamo Re cat bond hits $400m, with pricing below guidance

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.Hitting the read the full article →

Target for TWIA’s Alamo Re 2017-1 cat bond lifted to $400m

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.The read the full article →

TWIA seeks $250m of protection from new Alamo Re 2017-1 cat bond

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 read the full article →