TWIA will rush 2023 renewals and Alamo Re cat bond replacements

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The Texas insurer of last resort, the Texas Windstorm Insurance Association (TWIA) will set targets for its mid-2023 reinsurance renewals already in January and move towards an early replacement of expiring 2020 Alamo Re bonds “a few months” ahead of expiry to get ahead of the capacity crunch.

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Reinsurance, ILS, Catastrophe Bonds, Renewals, TWIA, Gallagher Re, North America, Texas

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TWIA will rush 2023 renewals and Alamo Re cat bond replacements

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