Turkey earthquake cat bond Bosphorus grows again to $400m

According to sources in the catastrophe bond community, investors have demonstrated their appetite for a true diversifying cat bond deal and have helped the Bosphorus 1 Re Ltd. parametric Turkish earthquake cat bond jump in size again to hit $400m. The Bosphorus 1 Re cat bond began as a $100m read the full article →

Bosphorus 1 Re cat bond upsizes to $250m, price guidance drops

It will be no surprise for our regular readers to learn that another catastrophe bond transaction has increased in size and seen its price guidance be reduced while the deal has been marketing. The latest cat bond to follow this trend is the Bosphorus 1 Re Ltd. parametric cat bond, read the full article →

Bosphorus 1 Re cat bond parametric trigger details emerge

As we reported on Monday, the latest catastrophe bond to come to market is a parametric transaction called Bosphorus 1 Re Ltd. which is being marketed on behalf of the Turkish Catastrophe Insurance Pool (TCIP). The Bosphorus Re cat bond brings investors an opportunity to diversify their portfolios in the read the full article →

Bosphorus 1 Re Turkish earthquake catastrophe bond comes to market

A new catastrophe bond has been presented to insurance-linked securities (ILS) investors and it will bring some welcome diversification to the market after the focus on U.S. perils in the 2013 cat bonds we've seen so far. This deal brings a rare peril to the market, Turkish earthquake risk. The read the full article →

Second earthquake hits Turkey, again unlikely to threaten Ianus Capital cat bond

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 read the full article →

Turkish quake insured losses estimated at under $200m, no threat to Ianus Capital

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 read the full article →

Investors suggest Ianus Capital loss from Turkey quake unlikely

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 read the full article →

Earthquake in Turkey could threaten Ianus Capital Ltd. catastrophe bond

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 read the full article →