Hurricane Milton unlikely to trigger Mexican cat bond
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Hurricane Milton unlikely to trigger Mexican cat bond

The Mexican cat bond offers $125mn of protection against Atlantic named storms.

By Stephanie Denton
October 08, 2024
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tropical storm hurricane Playa del Carmen, Mexico.png

Hurricane Milton looks unlikely to trigger the Mexican cat bond issued this year by the World Bank as its path kept it away from Yucatan peninsula.

Early

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News Catastrophe bonds Latin America Weather Hurricane
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