Mexico said planning cat bond market return in 2017
Tuesday, 03 14 2017, Category: Insurance and Reinsurance, Country: World
According to a report from Reuters, the Mexican government is planning to sponsor another catastrophe bond and is currently seeking bids from companies that can help to facilitate the issuance of a three-year cat bond covering hurricane and earthquake risks.
Reuters said that it received the information in an emailed response today from the Ministry of Finance of Mexico.
The Ministry confirmed that it is actively seeking bids for a new catastrophe bond that would provide coverage for hurricane and earthquake risks from 2017 to 2020, so across a three-year term.