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. TCIP ( Bosphorus Ltd ) is targeting $100 million of collateralised earthquake reinsurance protection from its new TCIP (Series 2015-1) parametric catastrophe bond, thereby providing the insurer with per-occurrence reinsurance coverage for a slightly more risky layer of its programme, since the deal has a higher attachment probability than its previous Bosphorus 1 Re .
TCIP ( Bosphorus Ltd ) is targeting $100 million of collateralised earthquake reinsurance protection from its new TCIP (Series 2015-1) parametric catastrophe bond, thereby providing the insurer with per-occurrence reinsurance coverage for a slightly more risky layer of its programme, since the deal has a higher attachment probability than its previous Bosphorus 1 Re .