ILS investors were largely dissuaded from investing in the $500mn of pre-event Class 1 public securities issued for the Texas Windstorm Insurance Association (TWIA) last month due to the fact the bonds are taxable, Trading Risk understands.
ILS investors were largely dissuaded from investing in the $500mn of pre-event Class 1 public securities issued for the Texas Windstorm Insurance Association (TWIA) last month due to the fact the bonds are taxable, Trading Risk understands.