Erick's estimated central pressure is just 2mb above the threshold needed to activate the cat bond
Hurricane Erick puts Mexico parametric cat bond on-watch | | | Major hurricane Erick puts Mexico parametric Pacific coast IBRD cat bond on-watch  Rapid intensification of tropical storm Erick into a major hurricane has brought Mexico's Pacific coast hurricane parametric catastrophe bond, the $175 million IBRD CAR Mexico 2024 (Pacific) issuance, sharply into focus, as Erick's central pressure is estimated just a couple of millibars above where the trigger for attachment sits. Major hurricane Erick has reached category 4 strength, with sustained winds estimated at 145 mph, with gusts over 170 mph, and is forecast to make landfall near to the border region between the Mexican states of Oaxaca and Guerrero this morning. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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