Pool registers special purpose reinsurance vehicle in Bermuda for cat bond
Posted On: Jul. 24, 2015 12:00 AM CSTThe Turkish Catastrophe Insurance Pool has registered Bosphorus Ltd. as a special purpose reinsurance vehicle in Bermuda for launching its second catastrophe bond.
The existing cat bond matures on May 3, 2016. The new cat bond will serve as a new source of fully-collateralized earthquake reinsurance protection over three years.