TWIA decreases reinsurance cover 8% to $1.9bn at renewal
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

TWIA decreases reinsurance cover 8% to $1.9bn at renewal

Alex Frampton
03 June 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

The Texas Windstorm Insurance Association (TWIA) has lowered its reinsurance cover at renewal by 8% to $1.93bn of limit for the 2021 hurricane season.

The organisation had $2.1bn in place for the 2020 and 2019 seasons, marking a decrease of $170mn.

TWIA’s funding sources included a combination of traditional reinsurance contracts and catastrophe bonds.

This

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

News(Re)insurersRenewals
AF
Alex Frampton
Gift this article