IBRD / FONDEN 2017

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Mexico confirms $150m cat bond payout for quake

The Mexican government has confirmed that it will receive a $150 million payout from the World Bank supported IBRD / FONDEN 2017 catastrophe bond (as Artemis was first to reveal on the 8th September) after the calculation agent confirmed that the earthquake on 7th September met all the parameters required read the full article →

World Bank completes Mexico cat bond, ILS provides bulk of capacity

The World Bank has announced the completion of its $360 million Mexico catastrophe bond transaction, which protects against Mexico earthquakes and named storms, and of which the majority of the capacity came from the insurance-linked securities (ILS) space.The parametric structured catastrophe bond transaction, called IBRD / FONDEN 2017, is composed read the full article →