TWIA may need $2.964bn of reinsurance for 2023, based on newly set 1:100 PML
Reinsurance News - Jan 12, 2023
The Texas Windstorm Insurance Association’s (TWIA) Actuarial & Underwriting Committee met yesterday to recommend the Board set $5.244 billion as the entity’s 1-in-100 probable maximum loss (PML) for the upcoming storm season, which suggests that TWIA could end up buying some 46% more...
Recommended Articles
Posted: Apr 16, 2026
Capgemini Research Institute, the research division of the Capgemini, has published the report Physi...
Posted: Apr 16, 2026
Beazley, a large specialist insurer, has announced plans to establish a new Marine War insurance con...
Posted: Apr 16, 2026
John Doyle, President and Chief Executive Officer (CEO) of global insurance and reinsurance broking...