Near-miss for Mexico’s parametric catastrophe bond on Friday’s M7.3 earthquake

After a magnitude 7.3 earthquake struck just off the southern coast of Mexico on Friday, analysis suggests this event was a near-miss for attaching the parametric trigger of one tranche of notes from the country’s World Bank facilitated IBRD CAR Mexico 2024 catastrophe bond transaction.\ The magnitude 7.3 (M7.3) earthquake struck off the coast of Mexico west-south-west […]