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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 →

MultiCat Mexico 2012 cat bond completes, lists in Cayman Islands

The latest catastrophe bond to hit the market, MultiCat Mexico Ltd. Series 2012-1, closed and listed on the Cayman Islands stock exchange on Friday and has received its final ratings from Standard & Poor's today. The second MultiCat deal, replacing the cover from MultiCat Mexico 2009, was extremely well received read the full article →

MultiCat Mexico 2012 cat bond upsizes a little, pricing drops a lot

Interest in the catastrophe bond market and demand for new issuance is showing no sign of letting up, as investor sources tell us that the latest cat bond deal to come to market has increased in size a little and the price guidance has been reduced a lot. MultiCat Mexico read the full article →

New MultiCat Mexico 2012 catastrophe bond coming to market

Interesting news for the catastrophe bond market today as a new MultiCat Mexico Ltd. cat bond begins marketing. MultiCat Mexico Ltd. Series 2012-1 will replace the cover afforded by the MultiCat Mexico 2009 cat bond which matures at the end of September. MultiCat Mexico 2012 is being marketed as a read the full article →

Hurricane Bud strengthens but still minimal threat to MultiCat Mexico catastrophe bond

Hurricane Bud, the first Pacific hurricane of the season to threaten landfall on the Mexican coast has strengthened considerably into a Category 3 hurricane with maximum sustained winds of 115mph and a minimum central pressure of 960mb. The forecast path for hurricane Bud has changed since we wrote about the read the full article →