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31 July 2024Reinsurance

TWIA reinsurance cost jumps in 2024-5 programme to 9.6% rate-on-line

The Texas insurer of last resort TWIA paid 9.6% rate on line for its $4.05 billion 2024-5 reinsurance programme, up from 9.1% in the prior year programme and, after counting in exposure, putting total ceded premium some 30% over its budget.

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