shutterstock_441927634

8 May 2024Reinsurance

TWIA will close $6.5bn tower within days, adds $900m cat bonds for ‘24

The Texas insurer of last resort TWIA may close its reinsurance programme within days, tying down the final $1.2 billion in traditional reinsurance to a $6.5 billion tower that includes record levels of cat bonds.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

The better it gets, the worse it looks for reinsurers: UBS

26 May 2026 What you gain on low cats you more than lose on accelerated softening.

Florida homeowners carriers taking big reinsurance relief beyond rate

26 May 2026 T&C, structures and exclusions are all ‘returning to pre-hard market condition’.

Swiss Re reshapes regional P&C leadership across Europe and Middle East

26 May 2026 Reinsurer expands responsibilities amid regional leadership changes.

More articles

Florida P&C insurer targets IPO that could put a $1.2bn price tag on it

Fewer than 5% of Asia small businesses have cyber insurance

BP Marsh founder steps down as chair after 35 years

Newport Specialty Partners appoints COO and CIO

UIB hires international property head to expand specialty offering

Amwins Underwriting launches specialty casualty MGA with Aspen hire

Gallagher acquires environmental insurance broker Twin Elms

SiriusPoint launches crisis solutions unit with dual leadership hires

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze