The Texas Windstorm Insurance Association’s (TWIA) reinsurance renewal for 2026 is fully-committed by markets and expected to be signed in the next couple of days
TWIA gets optimal reinsurance at lowest price
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TWIA’s fully-committed $2.28bn reinsurance renewal the “optimal structure at the lowest price”
 The Texas Windstorm Insurance Association’s (TWIA) reinsurance renewal for 2026 is fully-committed by markets and expected to be signed in the next couple of days, while Allen Cashin of Gallagher Re said that the competitive auction-like process the broker employed has resulted in the “optimal structure at the lowest price.”
Cashin said, "You’ve got the ILS capacity, which is mostly cat bond, you have the traditional reinsurers all over the world. What we did, and this is months of preparation, was set up those two markets to auction and compete for your business, directly on the same layer."
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