Posts Tagged ‘Mexico’



October 5th, 2017

GC Capital Ideas CAT-i Stories: Third Quarter, 2017

Posted at 4:00 AM ET

Here is a look back at the CAT-i stories covering July through September of 2017.

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September 21st, 2017

Catastrophe Events Occurring In North America Recently

Posted at 1:00 AM ET

Here we review GC Capital Ideas posts on the three most recent catastrophe events occurring in North America within a period of 16 days.

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September 20th, 2017

7.1 Mw Earthquake Near Raboso, Mexico

Posted at 1:51 PM ET

7-1-eq-raboso-mexico-smA magnitude (Mw) 7.1 earthquake struck near Raboso, Mexico yesterday, according to the U.S. Geological Survey (USGS). The quake occurred at 1:14 p.m. local time (18:14 UTC), with Mexico City approximately 122 kilometers (75.9 miles) southeast of the epicenter.

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September 8th, 2017

8.1 Mw Earthquake Near Pijijiapan, Mexico

Posted at 1:50 PM ET

8-1mw-eq-pijijiapan-mexico-smA magnitude (Mw) 8.1 earthquake struck in the Pacific Ocean southwest of Pijijiapan, Mexico, according to the U.S. Geological Survey (USGS). The quake occurred at 11:49 p.m. local time (04:49 UTC).

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August 4th, 2017

GC Securities Completes First Listed P&C Cat Bond Issued by World Bank International Bank for Reconstruction & Development’s Capital-at-Risk Program

Posted at 5:30 AM ET

GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of a catastrophe bond benefitting the government of Mexico’s Fund for Natural Disasters (FONDEN). The $360,000,000, three-class catastrophe bond is issued by the International Bank for Reconstruction and Development (”World Bank” or “IBRD”), and represents the first listed property and catastrophe bond issued under its Capital-at-Risk notes program.

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June 22nd, 2017

Public-Private Insurance Partnerships Bolster Latin American/Caribbean Resilience: Part IV

Posted at 1:00 AM ET

aidan-pope-headshot-sm25Aidan Pope, Managing Director

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Mexico’s risk management strategy has earned a strong reputation in the international community. The World Bank said it is “at the vanguard of initiatives aimed at the development of an integrated disaster risk management framework, including the effective use of risk financing and insurance mechanisms to manage the fiscal risk derived from disasters,” highlighting it as an example for other governments to follow (1).

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June 21st, 2017

Public-Private Insurance Partnerships Bolster Latin American/Caribbean Resilience: Part III: A Lesson in Resilience from Mexico

Posted at 1:00 AM ET

aidan-pope-headshot-sm24Aidan Pope, Managing Director

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The Mexican federal government’s risk management strategy exemplifies a modern, resilient disaster preparedness plan, including pre- and post-event approaches and public-private partnerships. Following the 1985 Mexico City earthquake, the Mexican National Civil Protection System (SINAPROC) was created, establishing a multi-level system to integrate stakeholders from the three levels of government, the private and social sectors, academia and scientific organizations. Its purpose was to provide an institutional framework for the improved coordination of emergency response. Its capacities in the areas of risk assessment, early warning, preparedness and disaster risk financing were developed. As SINAPROC evolved, it added risk reduction practices to shift from a reactive to a preventative, holistic and integrated risk management plan.

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March 30th, 2017

Public-Private Insurance Partnerships Bolster Latin American/Caribbean Resilience: Part IV

Posted at 1:00 AM ET

aidan-pope-headshot-sm25Aidan Pope, Managing Director

Contact

Mexico’s risk management strategy has earned a strong reputation in the international community. The World Bank said it is “at the vanguard of initiatives aimed at the development of an integrated disaster risk management framework, including the effective use of risk financing and insurance mechanisms to manage the fiscal risk derived from disasters,” highlighting it as an example for other governments to follow (1).

Continue reading…

March 29th, 2017

Public-Private Insurance Partnerships Bolster Latin American/Caribbean Resilience: Part III: A Lesson in Resilience from Mexico

Posted at 1:00 AM ET

aidan-pope-headshot-sm24Aidan Pope, Managing Director

Contact

The Mexican federal government’s risk management strategy exemplifies a modern, resilient disaster preparedness plan, including pre- and post-event approaches and public-private partnerships. Following the 1985 Mexico City earthquake, the Mexican National Civil Protection System (SINAPROC) was created, establishing a multi-level system to integrate stakeholders from the three levels of government, the private and social sectors, academia and scientific organizations. Its purpose was to provide an institutional framework for the improved coordination of emergency response. Its capacities in the areas of risk assessment, early warning, preparedness and disaster risk financing were developed. As SINAPROC evolved, it added risk reduction practices to shift from a reactive to a preventative, holistic and integrated risk management plan.

Continue reading…

January 19th, 2017

Public Sector Risk Financing Perspectives in Latin America: Part II

Posted at 1:00 AM ET

aidan-pope-headshot-sm21Aidan Pope, Managing Director

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In response to the continued need for post-event budget allocation, the Mexican federal government established the Fund for Natural Disasters (FONDEN) in 1996 (1). It is a financial vehicle by which the federal government provides pre-event funding from tax revenues for post-disaster response and reconstruction - it has been critical in providing the government with access to international risk transfer schemes.

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