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

Alex Frampton
03 June 2021
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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

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Topics

NewsRe/insurersRenewals
AF
Alex Frampton
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