multicat mexico

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 cat bond deal, such as […]

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 one of the cat bonds […]

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 by investors, becoming oversubscribed, upsizing […]

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 Ltd. Series 2012-1, the 22nd […]

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 $300m deal but there is […]

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 storm yesterday when forecasters said […]

The first Pacific hurricane of the year to head towards the Mexican coastline will have caught the eye of investors in the MultiCat Mexico 2009 Ltd. catastrophe bond. Hurricane Bud is heading towards the Mexican coastline, aiming very close to one of the MultiCat cat bond trigger zones. Currently hurricane Bud has 90mph winds but […]

Late yesterday we wrote that a large earthquake which struck Mexico had the potential to be a threat to the parametric MultiCat Mexico 2009 Ltd. catastrophe bond. The location where the earthquake struck was very close to one of the defined zones which a qualifying event must occur within, had the correct magnitude at Mw7.4 […]

A large earthquake has struck Mexico near the Pacific coast not far from Acapulco and Oaxaca within the last hour or two. The USGS gave the earthquake an initial magnitude of Mw7.6, which they’ve since reduced to Mw7.4, and the earthquake struck at a depth of 20km. So far there are no reports of significant […]

The Mexican government has decided to triple their investment in disaster insurance coverage for 2012, over the amount the country spent in 2011 according to reports. 3.15 billion pesos, which is nearly $250m has been set aside for investment in disaster insurance to protect the country from climate, weather and catastrophe events.