TWIA seeking new second season cover

The Texas Windstorm Insurance Association (TWIA) is considering
options for a new second season cover as it looks set to cut back
its use of traditional reinsurance and catastrophe bonds for its
2018 cat programme.
The residual insurer and its broker Guy Carpenter met reinsurers
in Bermuda and London in late February and March to assess pricing
and availability of cover to meet its statutory requirement to buy
to a 1-in-100-year return period.
Last month TWIA's board of directors passed...