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Acapulco quake will not trigger IBRD Mexico cat bond

Acapulco, Mexico. 8th Sep, 2021. Damages are seen after an earthquake in Acapulco, state of Guerrero, Mexico, on Sept. 8, 2021. At least one person was killed after a 7.1 magnitude earthquake hit the southern Mexican coastal city of Acapulco in Guerrero s
Photo: Alamy

A magnitude 7 earthquake that hit 17.7 km northeast of Acapulco in Mexico will not have triggered the World Bank Mexico cat bond of 2020, sources suggested.

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