Pioneering Cat Bond Program On The Chopping Block

Florida's Citizens puts its model contract out for bid

Mexico’s Fund for Natural Disasters (FONDEN) faces extinction after more than 20 years and acting as one of the leaders among sovereigns issuing catastrophe bonds.

Legislation that would essentially wind-down FONDEN has passed Mexico’s House of Representatives and now goes to the Senate as part of the government’s wider austerity moves, according to a re…