This Pool was formed in 1963 taking into consideration the willingness of Turkish insurance companies to underwrite reinsurance business from abroad, the management of which was entrusted to the Millî Reasürans T.A.Ş.

The technical results of these businesses from the world reinsurance market which were satisfactory at the beginning started to deteriorate as of 1976 and reached extreme levels in the eighties. Thus, at the end of 1985 the TRP stopped writing new business, as the losses which were paid in foreign currencies exceeded the premiums already collected and the Turkish Lira started to loose value against hard currencies more and more each year.

The run off account is still handled by the Millî Reasürans T.A.Ş.