The Texas Windstorm Insurance Association (TWIA) has now successfully secured its new catastrophe bond backed reinsurance protection at an upsized $200 million, with pricing for the Alamo Re Ltd. (Series 2022-1) cat bond finalised at the top of initial guidance.
That’s quite a result for TWIA, in managing to increase the size of its cat bond while securing it priced still within guidance, albeit at the top-end of the range.
The majority of new catastrophe bonds of late, have priced above their guidance ranges, in some cases significantly so.
FULL ORIGINAL PUBLICATION HERE
