You would be forgiven for thinking that FONDEN, the Fund for Natural Disasters of Mexico, would be perfectly able to cope with losses from natural disasters as it has the MultiCat Mexico 2009 Ltd. catastrophe bond to fall back on. Unfortunately, the types of disasters which cause regular problems in Mexico aren’t covered by that […]
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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 […]
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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 […]
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