How can non-life insurance linked securities be sustainable? (Mexico Case Study)

The world is experiencing the development of new financial instruments to cope with natural catastrophes economic losses, this paper contributes to the forward movement of the discussion about the sustainability of one of these instruments known as non-life insurance linked securities. It shows a deep analysis of Mexico CAT bonds issuances and the application of a case event model that evaluates the correlation between the overall Mexican stock market and catastrophes in Mexico.