Turkish Catastrophe Insurance Pool Uses RMS Earthquake Model to Structure New Bosphorus Catastrophe Bond

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NEWARK, Calif.--(BUSINESS WIRE)--RMS, the world’s leading catastrophe risk management firm, today announced that it conducted the risk analysis for a new catastrophe bond issued through Bosphorus Ltd., using the RMS® Europe Earthquake Model. The bond is sponsored by the Turkish Catastrophe Insurance Pool (TCIP), a legal entity responsible for the implementation and management of Compulsory Earthquake Insurance in Turkey. The bond closed August 17, 2015 and transfers $100 million of catastrophic

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