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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 →

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 →