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 Turkish Catastrophe Insurance Plan ( TCIP ) is offering up to $ 100 m of collateralised earthquake reinsurance coverage from its new Bosphorus 1 ( Series 2015 - 1 ) parametric catastrophe bond , thereby providing the company with per - year reinsurance coverage for a slightly more risky layer of its programme , since the bond has a higher attachment probability than its previous Bosphorus .
The Turkish Catastrophe Insurance Plan ( TCIP ) is offering up to $ 100 m of collateralised earthquake reinsurance coverage from its new Bosphorus 1 ( Series 2015 - 1 ) parametric catastrophe bond , thereby providing the company with per - year reinsurance coverage for a slightly more risky layer of its programme , since the bond has a higher attachment probability than its previous Bosphorus .