As the insurer evolves its funding to meet lower 1-in-50 PML coverage mandates, it will consider how to reset or redeem from its existing cat bonds
TWIA may consider early cat bond redemption | | | TWIA may consider early cat bond redemption, as reinsurance funding need for 2026 evolves  At a Board meeting of the Texas Windstorm Insurance Association (TWIA) yesterday, members discussed the evolution of the property insurer of last resort's funding under new state legislation, concluding that it may result in TWIA opting to reset and perhaps even redeem early some of its catastrophe bonds. TWIA needs to decide on resetting or redeeming from its existing catastrophe bonds by March 31st 2026. It currently has $2.45 billion of cat bonds outstanding, but that will drop to $1.55 billion for the 2026 wind season after maturities, so TWIA needs to decide on that amount for next year's funding. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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