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The majority of losses occurred in the western Turkish city of Izmir and the rest of Izmir province.
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This event brings total Australian hailstorm losses to over A$3.64bn in 2020, Perils said.
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Aon’s Impact Forecasting put total insured losses across various events including Hurricane Eta at $1.2bn or more.
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The state-backed carrier escaped lightly from hurricane losses but 500 Eta claims await payment.
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Both storms had landed in the country as category 4 storms within a two-week period.
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With a low initial expected loss of 0.25%, the notes offer a substantial 11.6x multiple.
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Carriers have raised $19bn so far this year, with another $3bn in the pipeline, the broker says.
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Cat events in 2017 and 2018 were a significant test of alternative capital.
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The German carrier pegs the full-year impact of the pandemic on its reinsurance operations at EUR3.4bn.
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The event is the most costly wildfire loss to hit New Zealand in recent times.
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The pact over Canterbury earthquake payouts stretching back almost a decade will generate a NZ$9.5mn write-off for the carrier.
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Retro deals make up a third of this year's volumes, versus a quarter in 2019.