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International

Pool aims for up to $200 million of reinsurance protection from new quake cat bond

August 10, 2015 Reprints

The Turkish Catastrophe Insurance Pool is targeting up to $200 million of collateralized earthquake reinsurance protection from its new Bosphorus Ltd. (Series 2015-1) parametric catastrophe bond, Artemis.bm reported.

The bond is the second parametric earthquake cat bond that was launched in July with a minimum size of $100 million. Even at $200 million, this new cat bond will only replace half of the pool's Bosphorus 1 Re deal when it matures in 2016, Artemis.bm reports.

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Pool aims for up to $200 million of reinsurance protection from new quake cat bond

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