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Update on Mexican earthquake and MultiCat Mexico 2009 cat bond

News 21st March 2012

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 […]

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Hurricane Jova unlikely to trigger Multicat Mexico 2009 catastrophe bond

News 11th October 2011

Hurricane Jova is approaching the Pacific coastline of Mexico carrying maximum sustained winds of 115mph. Jova, a major hurricane, has weakened slightly but is still expected to cause significant damage as the storm makes landfall near Manzanillo, both from the strong and damaging winds and torrential rainfall Jova will bring to higher ground. Interestingly, hurricane […]

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MultiCat Mexico 2009 cat bond closes at upsized $290m

News 16th October 2009

The Finance Ministry of Mexico has announced (read a translation of the press release here) the completion of the MultiCat Mexico 2009 Ltd. catastrophe bond deal. The deal (full details here and in our Deal Directory) is designed to protect Agroasamex and in turn the Mexican fund for natural disasters against losses from certain hurricanes […]

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Preliminary ratings unchanged for MultiCat Mexico 2009 cat bond

News 6th October 2009

Standard & Poor’s reports that the preliminary ratings it assigned to the MultiCat Mexico 2009 catastrophe bond are to remain the same despite a change to the way AIR Worldwide is modelling the hurricane risk associated with it. Since the preliminary ratings were first assigned AIR Worldwide has corrected its modelling by adding a second […]

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Multicat Mexico 2009 Ltd. – further details

News 29th September 2009

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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