The Texas Windstorm Insurance Association (TWIA) is now set to finally appoint insurance and reinsurance broker Aon to provide catastrophe risk modeling services, after the company was recommended by its Actuarial & Underwriting Committee after a second round of RFP’s.
TWIA had issued a request for proposals (RFP) for catastrophe modeling services back in October 2021 and the Committee met and recommended Aon be put forwards for the job.
That happened at the same time as TWIA’s Board considered a change in reinsurance broker and opted for moving away from incumbent Guy Carpenter, to appoint Gallagher Re (Willis Re at the time of the decision).
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