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.

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Bibliographic Details
Main Author: World Bank
Format: Brief biblioteca
Language:English
en_US
Published: Washington, DC 2013-02
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
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