The eastern Van region of Turkey has been hit by another damaging earthquake less than a month after a M7.2 quake struck the area. The second quake struck late yesterday in the Edremit district, 16km (10 miles) south of Van, the US Geological Survey said. An M5.6 quake, so much weaker than the one in […]
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Risk modeller EQECAT has published an estimate of the insured losses resulting from the recent M7.2 earthquake in Turkey. EQECAT put the range of insured losses at between $100m and $200m and the total economic loss estimate in the low single-digit billions USD. EQECAT are also the modelling agent on the Ianus Capital catastrophe bond […]
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Further to our earlier article alerting you to the potentially exposed Ianus Capital catastrophe bond which covers the whole of Turkey for earthquake risks, it seems that investors are pretty confident that the cat bond won’t face losses due to the location of the earthquake. The M7.2 quake has caused widespread damage in the area […]
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We’re sure that most of you will be aware of the magnitude 7.2 earthquake which struck eastern Turkey yesterday causing numerous buildings to collapse and reports of as many as 239 deaths and 1,300 injuries (the latest from the BBC here). There have also been a series of powerful aftershocks which have caused further damage […]
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