Friday's M7.3 earthquake was deemed a near-miss for the World Bank cat bond that covers Mexico
Mexico quake a near-miss for cat bond
|
|
|
Near-miss for Mexico’s parametric catastrophe bond on Friday’s M7.3 earthquake
 After a magnitude 7.3 earthquake struck just off the southern coast of Mexico on Friday, analysis suggests this event was a near-miss for attaching the parametric trigger of one tranche of notes from the country’s World Bank facilitated IBRD CAR Mexico 2024 catastrophe bond transaction.
The magnitude 7.3 (M7.3) earthquake struck off the coast of Mexico west-south-west of Puerto Madero at 14:49 UTC (08:49 local time) on Friday July 17th 2026, causing widespread shaking across parts of southern Mexico and neighbouring Guatemala, while also being felt in El Salvador. The magnitude was just 0.1 away from a level that might have triggered a 25% payout for one tranche of cat bond notes.
Read the full story.
Other articles:
|
|
|
|
|
| Please share this with colleagues and friends if you think they would like to receive it.
If you've been forwarded this but want to subscribe, visit Artemis.
|
|
| |
|
|
You may be receiving this because you recently attended an industry event we partnered with, giving us permission to email you. If you don't want to receive our weekly ILS, catastrophe bond and reinsurance capital newsletter please Unsubscribe or Edit your subscription here .
© Steve Evans Ltd. - Artemis.bm
|
|
|
|
No comments:
Post a Comment