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TWIA Board Chooses Aon For Catastrophe Modeling

February 3, 2022


The Texas Windstorm Insurance Association Board voted Feb. 2 to select Aon to perform catastrophe modeling analysis to satisfy the Board’s statutorily required determination of the Association’s 1-in-100-year probable maximum loss (PML) for the 2022 hurricane season and reinsurance purchase decision.

For the first time, TWIA chose a firm to specifically to provide catastrophe modeling analysis for determining the 1-in-100 year PML and reinsurance purchase decision. A law passed last year requires TWIA to use a catastrophe modeling analysis from a separate source than its reinsurance broker, Guy Carpenter.

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