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 of Puerto Madero at 14:49 UTC (08:49 local time) on Friday July 17th 2026, causing widespread shaking across parts of southern Mexico and neighbouring Guatemala, while also being felt in El Salvador.
Mexico has a robust natural disaster risk transfer and insurance program in place, at the heart of which sits its World Bank supported catastrophe bond issuances, as well as its traditional parametric insurance program.
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