Twia considers adding $1bn to targeted $1.9bn reinsurance cover
The Texas Windstorm Insurance Association (Twia) plans reinsurance and catastrophe bond coverage of $1.9bn for the 2021 hurricane season, with a further $1bn of cover possible.
The state-backed carrier secured reinsurance coverage of $2.1bn for the 2020 season, with an “extremely challenging reinsurance market” leading to costs overrunning the insurer’s initial budget.
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