While the focus for many is on what is still potential tropical cyclone nine and soon to become storm Helene on the Atlantic side, off the Pacific coast of Mexico hurricane John rapidly intensified and made landfall as a Category 3 storm which has resulted in enquiries from catastrophe bond investors.
As said, most of the insurance, reinsurance and insurance-linked securities (ILS) community are watching what is expected to become hurricane Helene moving around the Yucatan Peninsula of Mexico, but we’ve had a number of enquiries overnight about what hurricane John on the Pacific side of Mexico may have meant for the World Bank facilitated IBRD catastrophe bond.
Hurricane John made landfall on the southern coast of Mexico earlier this morning, impacting the region just south-southwest of Marquelia, Mexico in the state of Guerrero.
FULL ORIGINAL PUBLICATION HERE
