The Texas Windstorm Insurance Association (TWIA) projects that it will need a total of about $2.05bn of reinsurance and catastrophe bonds for 2027, Artemis reported. This is approximately 10% less protection than this year. TWIA currently has $1.05bn of catastrophe bonds, all of which remain in force until scheduled maturities in 2028. This could reduce the amount that TWIA must purchase afresh in 2027 to about $1bn, split across new reinsurance and cat bonds, the report said.
The Catastrophe Reserve Trust Fund is projected to grow from $25m at the start of 2026 to as much as $350m by the end of 2027. TWIA also projects that $2bn of statutory funding will remain available next year. The 1-in-50 year probable maximum loss stays the funding target. The minimum required funding at that level is projected at $4.4bn.
The 2027 risk transfer budget could be around $173m, Artemis reported. This is nearly 18% less than the 2026 budget of almost $210m. The budget is being presented to the TWIA Board this week. The figures are forecasts, not final decisions.
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Artemis ↗News publisher · 7 Oct 2026
This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.