Monday, November 28, 2022
HomeUnited KingdomAfDB and UK enter into risk transfer partnership with international insurance companies

AfDB and UK enter into risk transfer partnership with international insurance companies

The African Development Bank (AfDB), the UK government and global insurers AXA XL, Axis Specialty and HDI Global Specialty have signed a new risk-sharing transaction, called ”Room to Run Sovereign”. is a risk-sharing agreement based on a subset of the bank’s government loan portfolio for a period of up to 15 years, with the insurance market, namely AXA XL, Axis Specialty and HDI Global Specialty, taking a first loss tranche of $400 million, while the Foreign Commonwealth and Development Office (FCDO) ) of


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