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New cat bond an important piece of Mexico’s social protection strategy: Government

The government of Mexico has said that its newly issued $485 million World Bank facilitated catastrophe bond, the IBRD / FONDEN 2020 transaction, is an important part of the country's social protection strategy and reflects its "enormous commitment" to protecting its citizens from natural disasters.Mexico's latest and sixth catastrophe bond read the full article →

Mexico’s sustainable World Bank cat bond grows 14% to reach $485m

Mexico’s latest World Bank supported catastrophe bond, the IBRD / FONDEN 2020 transaction, has now successfully secured $485 million of capital markets backed natural disaster insurance protection for the country, upsizing by 14% thanks to investor demand.The successful pricing of this latest World Bank facilitate catastrophe bond issuance means that read the full article →

Mexico’s upper target for new World Bank cat bond lifted to $525m

The upper-end target for the government of Mexico's latest World Bank supported catastrophe bond issuance has been lifted, with the IBRD / FONDEN 2020 transaction now seeking up to $525 million of parametric earthquake and hurricane protection for the country.As well as up uplift in the upper-end of its targeted read the full article →

Mexico returns for $425m+ quake & hurricane World Bank cat bond

The government of Mexico has returned to the catastrophe bond market with the help of the World Bank and its International Bank for Reconstruction and Development (IBRD), seeking a $425 million or larger slice of parametric earthquake and hurricane disaster insurance from the capital markets through an issue we've named read the full article →

Mexico 7.2 quake rattles new World Bank cat bond

A magnitude 7.2 earthquake that struck southwest Mexico in the Oaxaca region, causing buildings to sway in the capital Mexico City over 200 miles away, has hit directly within the parametric trigger zones for the recently issued World Bank supported IBRD CAR 118-119 catastrophe bond, but the magnitude is unlikely read the full article →

Mexico said planning cat bond market return in 2017

According to a report from Reuters, the Mexican government is planning to sponsor another catastrophe bond and is currently seeking bids from companies that can help to facilitate the issuance of a three-year cat bond covering hurricane and earthquake risks.Reuters said that it received the information in an emailed response read the full article →

MultiCat Mexico 2012 cat bond event notice submitted after recent quake

The April 18th earthquake in Mexico's Guerrero state, which Artemis wrote about at the time as the quake was very close to hitting the parametric trigger of the MultiCat Mexico Ltd. (Series 2012-1) catastrophe bond did result in an event notice from the ceding reinsurer.At the time that we wrote read the full article →

M7.2 earthquake close to the trigger of MultiCat Mexico 2012 cat bond

A magnitude 7.2 earthquake which struck Mexico on Friday 18th April in the south-western state of Guerrero, came very close to the magnitude and location required to breach the parametric trigger of the MultiCat Mexico Ltd. (Series 2012-1) catastrophe bond.The M7.2 quake, which was located not far from the beach read the full article →

Mexican government: MultiCat 2012 cat bond helps ensure financial stability

It's always interesting to hear from the sponsors of catastrophe bonds after the deal closes to better understand the motivations and benefits they feel the transaction brings to their risk management and transfer program. This is even more interesting when it's a government who are the ultimate beneficiary of a read the full article →

Hurricane Paul too weak to threaten MultiCat Mexico 2012 Class C notes

The recently completed MultiCat Mexico Ltd. (Series 2012-1) catastrophe bond, which you can read all about in our Deal Directory, became on-risk yesterday, the 15th of October, we believe according to available documentation. The risk period began yesterday and in a very unusual occurrence there is a hurricane heading directly for read the full article →