Twia prepares for $850mn+ expansion of 2023 reinsurance treaty
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Twia prepares for $850mn+ expansion of 2023 reinsurance treaty

Liz Bury
12 January 2023
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Aon has recommended that the Texas Windstorm Insurance Association (Twia) buy a reinsurance placement of $2.89bn, with the retention $2.28bn, for the 2023 wind season.

The limit has grown 42% from $2.04bn placed last year, in excess of $2.2bn.

However, Aon’s recommendation for this year’s programme was based on a 1-in-100-year probable maximum loss (PML) of $5.17bn

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