Your search for “"multicat mexico 2009"”

The first Pacific hurricane of the year to head towards the Mexican coastline will have caught the eye of investors in the MultiCat Mexico 2009 Ltd. catastrophe bond. Hurricane Bud is heading towards the Mexican coastline, aiming very close to one of the MultiCat cat bond trigger zones. Currently hurricane Bud has 90mph winds but […]

Late yesterday we wrote that a large earthquake which struck Mexico had the potential to be a threat to the parametric MultiCat Mexico 2009 Ltd. catastrophe bond. The location where the earthquake struck was very close to one of the defined zones which a qualifying event must occur within, had the correct magnitude at Mw7.4 […]

A large earthquake has struck Mexico near the Pacific coast not far from Acapulco and Oaxaca within the last hour or two. The USGS gave the earthquake an initial magnitude of Mw7.6, which they’ve since reduced to Mw7.4, and the earthquake struck at a depth of 20km. So far there are no reports of significant […]

It isn’t often that a single catastrophe bond transaction is threatened by two events in as many weeks, but it’s only just over two weeks since the MultiCat Mexico 2009 Ltd. cat bond was threatened by Jova on the Mexican Pacific coast and now the same cat bond is threatened by another hurricane bearing down […]

Hurricane Jova is approaching the Pacific coastline of Mexico carrying maximum sustained winds of 115mph. Jova, a major hurricane, has weakened slightly but is still expected to cause significant damage as the storm makes landfall near Manzanillo, both from the strong and damaging winds and torrential rainfall Jova will bring to higher ground. Interestingly, hurricane […]

The Finance Ministry of Mexico has announced (read a translation of the press release here) the completion of the MultiCat Mexico 2009 Ltd. catastrophe bond deal. The deal (full details here and in our Deal Directory) is designed to protect Agroasamex and in turn the Mexican fund for natural disasters against losses from certain hurricanes […]

Standard & Poor’s reports that the preliminary ratings it assigned to the MultiCat Mexico 2009 catastrophe bond are to remain the same despite a change to the way AIR Worldwide is modelling the hurricane risk associated with it. Since the preliminary ratings were first assigned AIR Worldwide has corrected its modelling by adding a second […]

As usual further details on the latest catastrophe bond to be marketed, Multicat Mexico 2009 Ltd., continue to come to light. Through a combination of industry sources and published data we have gleaned more details on the latest cat bond to hit the market this year. Multicat Mexico 2009 Ltd. (utilising a Cayman islands based […]

The catastrophe bond market is back in business again as one of the deals that has been a while in the making receives its preliminary ratings from Standard & Poor’s. FONDEN, the Mexican Fund for Natural Disasters is sponsoring a transaction called Multicat Mexico 2009 which is valued at $250m. The deal sees FONDEN enter […]

The Government of Mexico’s catastrophe bond, which now appears likely to be triggered after major hurricane Otis last week, was already planned for renewal in March 2024, and the fact another cat bond might payout to the benefit of Mexico will likely make this even more of a priority.