TWIA could need as much as $4bn in fresh reinsurance and risk transfer limit for 2024
Reinsurance News - Feb 14, 2024
The Actuarial and Underwriting Committee of the Texas Windstorm Insurance Association (TWIA) has recommended that the Board sets the 2024 1-in-100 year PML at $6.5 billion, meaning TWIA could need to purchase even more reinsurance limit for the upcoming storm season. At yesterday’s meeting, th...
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