Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

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Mexican government confirms bond payout

11 October 2017

The Mexican Ministry of Finance and Public Credit has said it will receive a full payout for its $150mn earthquake catastrophe bond, following confirmation that the parametric triggers have been met.

The request to activate the bond was initiated on 7 September, following an earthquake off the coast of Chiapas. However, for payment to be received, the United States Geological Survey must verify the final parameters. It can be assumed that this confirmation has now been received.

The full $150mn...

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