Alamo Re Ltd

Share

Pricing to define size of TWIA’s Alamo Re II 2020 cat bond: CFO

The Texas Windstorm Insurance Association's (TWIA) mid-year 2020 reinsurance and catastrophe bond renewal looks set to depend on pricing this year, as the insurer is aware of challenges faced in both marketplaces and will look to maximise on coverage at the best possible and most efficient pricing as it builds read the full article →

TWIA targeting $200m Alamo Re II cat bond issuance for 2020

The Texas Windstorm Insurance Association (TWIA) is likely to target $200 million or perhaps greater of protection from an Alamo Re II Ltd. catastrophe bond issuance for 2020, as the capital markets look set to continue playing an important role in its reinsurance program. As we explained back in February, TWIA read the full article →

TWIA’s reinsurance & cat bond target raised to $2.1bn for 2020

The Texas Windstorm Insurance Association (TWIA) has raised its target for reinsurance and catastrophe bond coverage for this year to $2.1 billion, while at the same time the expectations for average rate-on-line have fallen slightly since December. Back in December 2019, TWIA's Board was working off a budgeted assumption that it read the full article →

TWIA budgets for $1.88bn of reinsurance in 2020, at higher rates

The Texas Windstorm Insurance Association (TWIA) is budgeting that it will require $1.88 billion of reinsurance limit in 2020, which will be split across its traditional property catastrophe reinsurance and catastrophe bond, but at higher rates as the insurer anticipates paying more for its 2020 renewal. This year, TWIA secured a read the full article →

TWIA pleased with $2.1bn pro-rata reinsurance & cat bond program

The Texas Windstorm Insurance Association (TWIA) has successfully secured its planned $2.1 billion reinsurance and catastrophe bond program for the 2019 hurricane season, saying it is pleased with the placement as both reinsurance and new Alamo Re cat bonds were well-received. At the same time, TWIA has successfully shifted its reinsurance read the full article →

TWIA’s new $200m Alamo Re 2019 cat bond set for mid-point pricing

The latest catastrophe bond to be sponsored by the Texas Windstorm Insurance Association (TWIA), the $200 million Alamo Re Ltd. (Series 2019-1) transaction, is set to price at the mid-point of initial guidance, we're told. The Texas state residual market insurer returned for its fifth Alamo Re catastrophe bond transaction recently, read the full article →

TWIA seeks $200m of cat bond reinsurance cover with Alamo Re 2019

The Texas Windstorm Insurance Association (TWIA) is back in the capital markets seeking another at least $200 million of collateralized reinsurance protection from a new Alamo Re Ltd. (Series 2019-1) transaction. This will be the Texas state residual market insurers' fifth Alamo Re catastrophe bond transaction and the fourth year in read the full article →

TWIA targets at least $2.1bn of reinsurance & cat bonds for 2019

The Texas Windstorm Insurance Association (TWIA) will aim to secure at least $2.1 billion of protection from the global reinsurance and insurance-linked securities (ILS) market for the 2019 hurricane season, taking its total claims-paying capacity to at least $4.2 billion. TWIA's Board this week approved its staff to go to market read the full article →

New 2018 reinsurance & cat bonds help TWIA support its policyholders

The Texas Windstorm Insurance Association (TWIA), the residual market property insurer for the Texas coast, completed a successful 2018 reinsurance placement recently with the combined coverage of catastrophe bonds and traditional coverage helping to ensure it is there to support its policyholders when disasters strike. TWIA’s 2018 reinsurance and funding program, read the full article →

TWIA secures $400m Alamo Re cat bond at 13% lower pricing

The Texas Windstorm Insurance Association (TWIA) has successfully secured the pricing of its new Alamo Re Ltd. (Series 2018-1) multi-peril catastrophe bond at the increased target size of $400 million, while the coupon settled 13% lower than the initial mid-point of price guidance. This is TWIA’s fourth cat bond and the read the full article →