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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 →

TWIA’s new Alamo Re 2018 cat bond could upsize to $400m

The latest catastrophe bond issuance sponsored by the Texas Windstorm Insurance Association (TWIA) could be set to increase in size, as we understand that the Alamo Re Ltd. (Series 2018-1) multi-peril cat bond is now targeting up to $400 million of collateralized reinsurance for the residual market property insurer. It's TWIA's read the full article →

TWIA’s reinsurance to grow 24% to $2.6bn, as Harvey loss rises

The Texas Windstorm Insurance Association (TWIA) is set to procure a new $1.4 billion layer of reinsurance and catastrophe bonds in 2018, taking its overall private market program to $2.6 billion, a 24% increase from the size of its program a year ago, helping to cover a funding gap created read the full article →

TWIA returns for $300m+ Alamo Re 2018 multi-peril cat bond

The Texas Windstorm Insurance Association (TWIA), the residual market property insurer for the state, is returning to the catastrophe bond market with a fourth transaction in its Alamo Re series of deals, a $300 million or greater Alamo Re Ltd. (Series 2018-1) multi-peril cat bond. This fourth cat bond from TWIA read the full article →

TWIA to put cat bonds & reinsurance at heart of 2018/19 funding

The Texas Windstorm Insurance Association (TWIA), the largely coastal residual market property insurer in the state, is to return to the catastrophe bond and reinsurance market to secure a new program for 2018, which could result in more capacity being purchased after some of its financial protection has been eroded read the full article →

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 →