Turkish cat pool gets 10%+ rate reduction

The Turkish Catastrophe Insurance Pool (TCIP) was able to secure
rate reductions of just over 10 percent on a risk-adjusted basis as
it consolidated layers on its core cat treaty, The
Insurance Insider can reveal.
According to sources, the vehicle bought EUR2.4bn ($2.6bn) of
core cat cover in excess of a EUR850mn retention that was EUR20mn
lower than last year's 1 November-incepting tower.
Market watchers always carefully scrutinise the TCIP deal for
early guidance on the forthcoming internation