Reinsurance Brokerage Services

The Texas Windstorm Insurance Association, a government authority located in Austin, Texas, is seeking a vendor to provide comprehensive reinsurance brokerage services. The agency requires a partner to administer all areas associated with traditional reinsurance and catastrophe bonds. This initiative aims to secure a successfully placed catastrophe reinsurance program within specified parameters while ensuring seamless coordination between traditional reinsurance and catastrophe bond structures. The scope of work covers program placement, marketing, and syndication of catastrophe reinsurance programs. The selected broker must also handle contract drafting, cover slip administration, and financial administration, including the escrow of ceded premiums, ceding commissions, and loss payments. Additionally, the agency requires the preparation of bordereaux and loss petitions to maintain proper program reporting. Eligible bidders must be onshore organizations based entirely within the United States. The agency allows the selected vendor to perform all work offsite. Bidders must submit any questions regarding this opportunity no later than June 10, 2026. The agency is requesting proposals to determine the budget and pricing structure for these services. The resulting contract will cover a performance period of one year. Bidders must submit their final responses digitally via email or through the designated online portal.