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Hurricane Agatha to slam Mexico. Unlikely to trouble World Bank cat bond

Hurricane Agatha is verging on reaching major Category 3 storm status as it nears the Mexican coastline with 110 mph sustained winds, but the central pressure remains far higher than would be needed to trigger the Government of Mexico’s World Bank issued catastrophe bond.

Hurricane Agatha formed over the weekend and rapidly intensified as it moved over warm waters close to the Mexico.

While intensification may continue up to landfall, so Agatha may attain major hurricane status before it reaches the coast, wind shear is hindering its strengthening somewhat and so it is not expected that the central pressure will deepen considerably now before landfall occurs.


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