TWIA

The Texas Windstorm Insurance Association (TWIA) is projecting it will need to secure around $2.05 billion of reinsurance and catastrophe bonds for 2027, as it expects to require approximately 10% less protection than this year largely thanks to a building up of its Catastrophe Reserve Trust Fund.

The Texas Windstorm Insurance Association’s (TWIA) reinsurance and catastrophe bond renewal for 2026 came in almost 12% under its budgeted spend for the coverage, while at a meeting later today its staff will recommend it continues with Gallagher Re as its reinsurance broker.

The Texas Windstorm Insurance Association’s (TWIA) reinsurance renewal for 2026 is fully-committed by markets and expected to be signed in the next couple of days, while Allen Cashin of Gallagher Re said that the competitive auction-like process the broker employed has resulted in the “optimal structure at the lowest price.”

The Texas Windstorm Insurance Association (TWIA) has now successfully priced its new Alamo Re Ltd. (Series 2026-1) catastrophe bond sponsorship, securing the upper-end target for $750 million of capital markets backed reinsurance limit from this issuance, Artemis can report.

The Texas Windstorm Insurance Association (TWIA) has now narrowed the targeted size for its new Alamo Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with $725 million to $750 million of capital markets backed reinsurance limit now sought while price guidance is now looking set to be at or near the lowest-end, Artemis can report.

The Texas Windstorm Insurance Association (TWIA) has raised the target size of its new Alamo Re Ltd. (Series 2026-1) catastrophe bond, with now between $600 million and $750 million of capital markets backed reinsurance limit being sought, we have learned from sources.

The Texas Windstorm Insurance Association (TWIA), the residual market property insurer for the State of Texas, has returned to the catastrophe bond market with an initial target to secure $450 million of capital markets backed reinsurance from an Alamo Re Ltd. (Series 2026-1) issuance, Artemis has learned.

At a meeting held in Galveston today, the Texas Windstorm Insurance Association (TWIA) Board agreed to only pursue purchase of the statutory minimum amount of reinsurance and catastrophe bonds needed to hit the 1-in-50 year funding level in 2026, opting not to buy any additional risk transfer to cover higher return period events.

Reinsurance and catastrophe bond market participants may not see a typical large protection buy from the Texas Windstorm Insurance Association (TWIA) in 2026, as the latest exposure data from the suggests it may only need just over $355 million of new risk transfer this year, with cat bonds set to provide the rest of its […]

At a meeting of the Texas Windstorm Insurance Association (TWIA) Board today, the recently proposed new weighting methodology for a blending of catastrophe risk models to derive the 1-in-50 year PML was approved.