Publication: 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-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.
“World Bank. 2013. Mexico MultiCat Bond: Transferring Catastrophe Risk to the Capital Markets. Disaster risk financing and insurance case study;. © Washington, DC. http://hdl.handle.net/10986/22422 License: CC BY 3.0 IGO.”