Insight and Intelligence on the London & International Insurance Markets

23 May 2012

Search archive

Other articles of interest
GoM oil spill liability ‘could hit $40bn’
Insured losses from Texas wildfires likely to top $100mn
Texan governor threatens second special session to reform TWIA
Beleaguered NFIP set for fresh hammering from Irene
Bermuda performance muddied by cats

TWIA bills reinsurers for a further $100mn Ike payout

11 October 2010

Reinsurers were billed an extra $100mn last month by the Texas Windstorm Insurance Association (TWIA) in relation to a mass of litigation that has reopened claims from Hurricane Ike in 2008.

Meanwhile, TWIA has also told reinsurers that it now expects the ultimate loss from Ike to exhaust the $1.5bn excess of $600mn coverage bought ahead of the 2008 hurricane season.

According to sources, the state-sponsored insurer's lead broker, Guy Carpenter, notified participants on the 2008 reinsurance programme that they...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue October 2010/2

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π