TWIA’s $200m Alamo Re II catastrophe bond launches to investors

The awaited new catastrophe bond issuance from the Texas Windstorm Insurance Association (TWIA) has now been launched to the cat bond investment community, with a $200 million target for the Alamo Re II Ltd. (Series 2020-1) transaction. As we’d explained recently, TWIA was always set to return to the catastrophe bond market this year with…

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Tremor’s ILW auctions see $100m of capacity a week, spreads narrowing

Tremor’s weekly auctions of industry loss warranties (ILW’s) are gaining traction, with around $100 million of capacity available every week and spreads now narrowing fast as the reinsurance and retrocession markets harden. Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, has made available some unique data insights into its marketplace for industry loss…

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