TWIA to seek $3.35bn in reinsurance as 1:100 PML confirmed at $6.5bn

The Texas Windstorm Insurance Association (TWIA) board met Tuesday and confirmed the residual insurer’s 1:100 probable maximum loss (PML) for the upcoming storm season at $6.5bn, which will require $3.35bn of traditional and non-traditional reinsurance capacity to fund to the statutory minimum.


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