MultiCat Mexico Ltd

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Did hurricane Odile just trigger the MultiCat Mexico 2012 cat bond?

Hurricane Odile made landfall in southern Baja California Sur, near Cabo San Lucas as a major storm with winds of 125mph and more importantly for catastrophe bond investors a minimum central pressure of 930mb, according to the NOAA. Update 23rd Dec 2014: It looks like the MultiCat Mexico Class C notes will 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 →

Recent hurricanes in Mexico show potential for broader cat bond triggers

When Mexico was hit by two hurricanes recently, the resulting damage was extensive but largely caused by rainfall, flooding and landslides rather than hurricane force winds, which meant that the countries catastrophe bond, MultiCat Mexico Ltd. (Series 2012-1), was not troubled. The MultiCat Mexico catastrophe bond provides the government of Mexico's 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 →