Mexico MultiCat Bond : Transferring Catastrophe Risk to the Capital Markets

Mexico, one of the most experienced emerging market countries in disaster risk management, has proactively sought to benefit from global diversification by sharing risks with international capital markets. It was the first country to issue a multi-...

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Bibliographic Details
Main Author:	World Bank
Format:	Brief
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	GOVERNMENT BUDGETS TRANSACTIONS TECHNOLOGY REINSURANCE TRANSACTION RISKS CAPITAL MARKETS INVESTORS MARKET COUNTRIES EARTHQUAKE DISASTER RISK CLIMATE CHANGE VOLATILITY INTERNATIONAL CAPITAL TRANCHE DERIVATIVE FUTURE INCOME INTEREST BANK BUDGETS EXTREME NATURAL DISASTER RESERVE FUNDS DEVELOPING COUNTRIES BOND MARKET CONTRACT INTERNATIONAL CAPITAL MARKETS BONDS INSURANCE CONTRACT SOVEREIGN ENTITIES PUBLIC BUDGETS DISASTER PREPAREDNESS DISASTER TRANSACTION COSTS PRICE MARKET RESERVE TREASURY EARTHQUAKES HURRICANES INSTRUMENTS INSURANCE INSURANCE COMPANY BUDGET MATURITY CATASTROPHIC EVENT EMERGING MARKET COUNTRIES DISASTER RELIEF INVESTOR DERIVATIVES HURRICANE INVESTMENT RELIEF RISK BOND FLOATING RATE NOTES NATURAL DISASTER COLLATERAL FLOATING RATE DISASTER RISKS FLOODS BANKING ATLANTIC HURRICANE MONEY MARKET INVESTMENTS RISK MANAGEMENT NATURAL DISASTERS EMERGING MARKET VOLCANIC ERUPTIONS MARKETS DISASTERS MIDDLE-INCOME COUNTRIES HEDGE RESERVES ERUPTIONS NATURAL HAZARDS RISK ASSESSMENT RECONSTRUCTION CATASTROPHE BOND
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24788552/mexico-multicat-bond-transferring-catastrophe-risk-capital-markets http://hdl.handle.net/10986/22422

Description
Summary:	Mexico, one of the most experienced emerging market countries in disaster risk management, has proactively sought to benefit from global diversification by sharing risks with international capital markets. It was the first country to issue a multi-peril multi-region cat bond using the World Bank’s MultiCat Program. The MultiCat Program allowed Mexico to efficiently transfer a pool of disaster risk to the capital markets.

Mexico MultiCat Bond : Transferring Catastrophe Risk to the Capital Markets

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