TWIA

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 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.

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 its 2020 reinsurance tower.

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.

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.

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.

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.

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 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.

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.