TWIA

Share

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’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 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 →

Cat bonds help TWIA surpass funding expectations for hurricane season

The Texas Windstorm Insurance Association (TWIA) has secured $4.9 billion in total aggregate funding for the 2017 hurricane season, which includes $1.1 billion of catastrophe bonds and around $800 million in the Catastrophe Reserve Trust Fund (CRTF).TWIA’s 2017 renewal includes $2.1 billion in reinsurance, which is slightly down on the read the full article →

TWIA might save using more cat bonds, may sponsor again in 2017

The Texas Windstorm Insurance Association (TWIA) could potentially save as much as $28 million by shifting its traditional reinsurance cover to the capital markets, although there is yet to be any formal analysis as to the impact of such a transition.During a recent TWIA Board of Directors meeting, held Tuesday read the full article →

TWIA to top up with $1.1bn traditional & collateralized reinsurance

The Texas Windstorm Insurance Association (TWIA) is set to purchase an additional $1.1 billion of reinsurance coverage for the 2016 hurricane year, from both traditional and fully-collateralized sources, taking its total reinsurance coverage for the year to $2.2 billion.TWIA’s Board of Directors has unanimously approved the recommendations of its Actuarial read the full article →