Mexico seeks $300mn cat bond renewal
Swiss Re is seeking $300mn for a renewal of the MultiCat Mexico
cat bond on behalf of the Mexican government's disaster fund.
The deal will be the third to benefit the Fonden natural disaster
fund, which issued a $160mn quake cat bond, CatMex, in 2006, before
turning to the World Bank's MultiCat risk pooling programme in
2009 for the pioneering $290mn MultiCat Mexico deal.
The three-year quake and hurricane bond is split into three risk
tranches, all providing cover on...
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