Mexican cat bond on watch after Lidia’s landfall
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Mexican cat bond on watch after Lidia’s landfall

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Cat bond investors will be waiting for official data from Verisk to see if Hurricane Lidia will trigger any payout under the Mexican government cat bond, which has $125mn of cover available for Pacific storm events.

Mexico’s Fonden cat scheme partnered with the World Bank to issue the IBRD 2020 cat bond, with the Class D layer providing cover for named Pacific storm.

However,

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