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TWIA’s 2021 reinsurance tower is 57% multi-year catastrophe bonds

The Texas Windstorm Insurance Association (TWIA) has further demonstrated its commitment to the catastrophe bond market at its 2021 reinsurance renewal, with multi-year coverage from the capital markets now making up 57% of its $1.93 billion program tower. As we've been reporting over recent weeks, TWIA successfully doubled in size its read the full article →

TWIA to double Alamo Re 2021 cat bond to $500m

The Texas Windstorm Insurance Association (TWIA) is now expected to double in size its new Alamo Re Ltd. (Series 2021-1) catastrophe bond transaction, which will now more than replace a soon to mature $400 million cat bond from 2018. As we were first to report this week, TWIA's staff said at read the full article →

TWIA won’t seek extra $1bn reinsurance in 2021, but cat bond may upsize

The Texas Windstorm Insurance Association (TWIA) remains focused on securing the planned just over $1.9 billion of reinsurance protection at its renewal this year, as its Board has turned down the option of adding an extra nearly $1 billion of protection. But the mix of traditional reinsurance and catastrophe bonds across read the full article →

TWIA returns for $250m+ Alamo Re cat bond renewal for 2021

The Texas Windstorm Insurance Association (TWIA) has returned to the catastrophe bond market with a $250 million or larger Alamo Re Ltd. (Series 2021-1) transaction, which will go at least some of the way to renewing a soon to mature $400 million cat bond from 2018. For 2021, the Texas Windstorm read the full article →

TWIA’s reinsurance renewal rate-on-line up 19% at 2020 renewal

In renewing its $2.1 billion reinsurance and catastrophe bond program for 2020, the Texas Windstorm Insurance Association (TWIA) paid some 19% more in terms of overall rate-on-line (ROL) compared to the prior year. Reflecting the hardening of reinsurance rates, particularly in catastrophe exposed property lines that have faced losses in recent read the full article →

TWIA hits $2.1bn reinsurance renewal target, thanks to upsized cat bond

The Texas Windstorm Insurance Association (TWIA) has successfully secured the $2.1 billion of reinsurance protection it was targeting for the 2020 storm season, with its new catastrophe bond and its doubling in size a key piece of the renewal for the residual market insurer. As we explained before, TWIA had been read the full article →

TWIA’s new Alamo Re 2020 cat bond doubles in size to $400m

The Texas Windstorm Insurance Association's (TWIA) new Alamo Re II Pte. Ltd. (Series 2020-1) catastrophe bond issuance has successfully been doubled in size thanks to strong demand from investors and will now provide the residual market property insurer $400 million of reinsurance protection. TWIA returned to the catastrophe bond market last read the full article →

TWIA lifts Alamo Re 2020 cat bond target to $300m-$400m

The Texas Windstorm Insurance Association (TWIA) has lifted its target for the recently launched Alamo Re II Pte. Ltd. (Series 2020-1) catastrophe bond issuance, with as much as $400 million of reinsurance capacity from the capital markets now on the cards. TWIA returned to the catastrophe bond market last week with read the full article →

TWIA’s new Alamo Re II cat bond another to shift to Singapore in 2020

The Texas Windstorm Insurance Association's (TWIA) new catastrophe bond is the latest issuance to have shifted domicile to Singapore, with the special purpose reinsurance vehicle used for the transaction being named Alamo Re II Pte. Ltd. The transaction was launched to the cat bond investment community this week, but we were read the full article →

TWIA’s $200m Alamo Re II catastrophe bond launches to investors

The awaited new catastrophe bond issuance from the Texas Windstorm Insurance Association (TWIA) has now been launched to the cat bond investment community, with a $200 million target for the Alamo Re II Ltd. (Series 2020-1) transaction. As we'd explained recently, TWIA was always set to return to the catastrophe bond read the full article →