Twia growth leaves potential gaps within $900mn cat bond coverage
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Twia growth leaves potential gaps within $900mn cat bond coverage

Martha Muir
18 May 2022
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The Texas Windstorm Insurance Association (Twia) potentially faces some reinsurance coverage gaps from cat bonds worth $900mn if its growth exceeds projections, as its broker forecast the rate on line (RoL) on its treaty will rise 29%.

At a board meeting on 17 May, representatives from Gallagher Re noted the organisation’s exposure has grown 7% year on year.

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Topics

News Brokers Catastrophe bonds Catastrophe losses
MM
Martha Muir
Reporter
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