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Pioneering Cat Bond Program On The Chopping Block

Pioneering Cat Bond Program On The Chopping Block

Florida's Citizens puts its model contract out for bid

Oct 16, 2020
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Risk Market News
Risk Market News
Pioneering Cat Bond Program On The Chopping Block
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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…

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