Hurricane Polo made landfall on the west coast of Baja California Sur, Mexico with sustained winds of 110 mph and a minimum central pressure of 965mb, at which level there is no threat to the parametric trigger of the Mexican governments cat bond
Polo makes landfall. No threat to Mexico cat bond
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Hurricane Polo makes landfall in Baja California Sur, Mexico. No threat to IBRD cat bond
 Hurricane Polo has now made landfall on the west coast of Baja California Sur, Mexico with sustained winds of 110 mph and a minimum central pressure of 965mb, at which level there is no threat to the parametric trigger of the Mexican governments $175 million IBRD CAR Mexico 2024 (Pacific) catastrophe bond.
While the cat bond has not been triggered it has acted as designed in this case, being structured to respond to much more intense storms. Mexico also has a parametric catastrophe insurance arrangement that provides around US $575 million of protection for 2026 into 2027. At this stage it's not clear if that insurance layer of protection could be activated.
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