texas

TWIA Mulling Model, Broker Revamp Members Public

The state-backed windstorm insurer may switch its model mix between AIR and RMS and called the work of its reinsurance broker “disappointing.”

Chris Westfall
insurance

Greenlight CEO Throws Models Under the Bus Over Texas Losses Members Public

Burton argues that industry models “endlessly break.”

Chris Westfall
Catastrophe Models

Texas Votes to $130M Spend for 2015 Cat Reinsurance Members Public

The board for the Texas Windstorm Insurance Association (TWIA) voted Tuesday to spend up to $130 million on reinsurance during the next windstorm season, with the caveat that the upcoming spring storms do not constrain the budget prior to the buy. “I think this is an opportunity for TWIA to

Chris Westfall
insurance

Texas to Kick Off Reinsurance, Catastrophe Bond Review as Private Market Proposals Loom Members Public

The Texas Windstorm Insurance Association will begin discussions around their reinsurance program next week — as well as their newly minted catastrophe bond facility — as they gear up for annual renewals. This year’s discussion’s will also be against a backdrop of two proposals from the Texas Legislature to shift

Chris Westfall
catastrophe bond