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Mexico cat losses pegged at $414m

10 August 2010

The Association of Mexican Insurance Companies has said that a hurricane and earthquake that struck northern Mexico earlier this year caused insured losses of about 5.25bn pesos ($414m).

The Association of Mexican Insurance Companies (AMIS) has said that a hurricane and earthquake that struck northern Mexico earlier this year caused insured losses of about 5.25bn pesos ($414m),...


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For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
50%
$4bn-$5bn
25%
$5bn-$6bn
12%
$6bn-$7bn
12%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield