The Texas Windstorm Insurance Association (Twia), the state’s insurer of last resort, has placed $800mn of the $1.8bn of new limit required for its 2024-25 reinsurance program, this publication can reveal.
Sources
Berkshire Hathaway takes up $400mn+ of Twia’s newly placed limit
This year, the association’s funding will come to $4.05bn with a $2.45bn retention.