TWIA may need ~$5.8bn in reinsurance for 2025 as PML rises 20%
Reinsurance News - Nov 15, 2024
The Texas Windstorm Insurance Association (TWIA) has projected that it might need almost $5.8 billion in reinsurance limit for 2025 as 20% exposure growth lifts its projected 1-in-100 year probable maximum loss (PML) to $7.8 billion, while total losses from hurricane Beryl are expected to almost dep...
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