The bad news for Mexicans is that their country is one of the most prone to earthquakes. But at least the government’s financial resources will not be stretched to the limit should one strike following the launch of a $160 million catastrophe bond last month – the region’s first.
Premiums
The bond is part of a $450 million, three-year insurance package arranged by Swiss Re and Deutsche Bank.
The bond covers for a potential earthquake in Mexico’s Pacific coast and an area around Mexico City.
Thanks for your interest in Euromoney!
To unlock this article:
