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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