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Thursday, August 1, 2024

TWIA reinsurance rate-on-line hits 9.6% as it seeks to control risk transfer expense

The Texas Windstorm Insurance Association (TWIA) saw the overall rate-on-line across its reinsurance and catastrophe bond program that is in-force for the 2024 into 2025 period rise to 9.6% and as risk transfer comes with higher costs attached, the insur…
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TWIA reinsurance rate-on-line hits 9.6% as it seeks to control risk transfer expense

By Steve Evans on 1st August 2024

The Texas Windstorm Insurance Association (TWIA) saw the overall rate-on-line across its reinsurance and catastrophe bond program that is in-force for the 2024 into 2025 period rise to 9.6% and as risk transfer comes with higher costs attached, the insurer of last resort is looking to options to help manage that expense.

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