Alamo Re Ltd. Series 2022-1

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TWIA secures new Alamo Re catastrophe bond at upsized $200m

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. That's quite a result for TWIA, in managing to increase the read the full article →

TWIA’s cat bond target set at $185m, with pricing within upper-guidance

The Texas Windstorm Insurance Association (TWIA) has now set the target size for its new catastrophe bond at $185 million, while pricing guidance for the Alamo Re Ltd. (Series 2022-1) cat bond has narrowed towards the upper-end of the range. TWIA returned to the catastrophe bond market earlier in May, aiming read the full article →

TWIA renewal FoT’s imply ~29% increase in reinsurance rate-on-line YoY

Firm order terms (FOT's) for the 2022 traditional reinsurance renewal for the Texas Windstorm Insurance Association (TWIA) suggest an increase of roughly 29% in rate-on-line (RoL), which translates into a spend higher than budgeted, but that is aligned with market conditions and TWIA's growing program. At a Board meeting today that read the full article →

TWIA targets $185m+ Alamo Re 2022-1 for cat bond renewal

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. As we previously reported, for 2022 read the full article →