Twia expects higher 2025 reinsurance costs as Beryl loss increases to $455mn

Published: Thu 14 Nov 2024

The Texas Windstorm Insurance Association (Twia) has pegged its Hurricane Beryl loss at $455mn, which is roughly equivalent to the balance in its Catastrophe Reserve Trust Fund, with the association projecting to pay $485mn on reinsurance next year due to the need for more limit.