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.

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

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