Bosphorus Re Ltd.

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Turkish earthquake to grow as an ILS peril as insurance penetration rises

Earthquake insurance penetration in Turkey has risen strongly since the imposition of a law which made having a policy mandatory and has now reached 37%, according to data from the Turkish Insurance Association.In 2012 a law regarding catastrophe insurance coverage came into force which mandated that in order to access read the full article →

Turkish quake cat bond issuer changes name to Bosphorus Re

The issuing special purpose reinsurance vehicle of the first Turkish earthquake linked catastrophe bond Bosphorus 1 Re Ltd. has changed its official company name to Bosphorus Re Ltd., according to a Bermuda Stock Exchange announcement.The Bosphorus catastrophe bond was issued on behalf of the Turkish Catastrophe Insurance Pool (TCIP) as read the full article →