Risk Management Solutions has conducted risk analysis for two new catastrophe bonds: Bosphorus Re 1 Ltd. (Series 2013-1) cat bond; and the Tar Heel Re Ltd. (Series 2013-1) cat bond, launched in April 2013.
With the recent series of cat bonds, RMS has modeled $1.2 billion of new issuance in 2013.
Bosphorus Re 1, sponsored by the Turkish Insurance Catastrophe Pool (TCIP), was upsized from its initial target of $100 million after strong investor demand. The cat bond provides TCIP with $400M of protection against earthquakes in the Istanbul region of Turkey until April 2016.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
