US Re has been appointed as part of a consortium to place reinsurance in Turkey.

Together with its Turkish partner, Türker Insurance and Reinsurance Brokers, the Turkish Catastrophe Insurance Pool (TCIP) has appointed US Re to a consortium Brokers to place reinsurance for the pool’s earthquake risk.

TCIP, a quasi-governmental entity, was created by the Turkish government to provide basic insurance protection against household’s property losses caused by earthquakes and purchases protection for itself up to a limit of €1.8bn.

“We’re pleased to be selected by TCIP and will apply our extensive experience in placing catastrophe protection in disaster prone areas including Florida to this important assignment,” said Tal Piccione, chairman and CEO of US Re.