Twia to renew reinsurance ‘as soon as possible’ as market hardens
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Twia to renew reinsurance ‘as soon as possible’ as market hardens

Liz Bury
14 December 2022
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The Texas Windstorm Insurance Association (Twia) has opted to act early in replacing its expiring Alamo Re cat bond and other reinsurance coverages, with the board and actuarial and underwriting committee to meet in January to begin the process, rather than wait for a scheduled February meeting.

The decision to get a head-start on the process follows a recommendation by broker Gallagher Re to “begin as soon as possible”, owing to hardening market conditions, board meeting materials showed.

Gallagher

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