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24 March 2018

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Franklinís second Mexican landfall no threat to MultiCat

10 August 2017

Tropical Storm Franklin strengthened to a Category 1 hurricane as it made a second landfall in Mexico early Thursday morning, according to the US National Hurricane Center.

It landed 70 miles north west of Veracruz at 1am CDT (6am GMT) today, with an estimated minimum central pressure of 988 millibars (mb) and maximum sustained winds of 85mph which puts it out of range to trigger the World Bank-sponsored MultiCat Mexico cat bond.

The $100mn class B Atlantic hurricane layer of...

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