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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