AfDB finds London's insurers a deep pool for risk transfer

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AfDB finds London's insurers a deep pool for risk transfer

Lloyd's of London insurance reinsurance from PA 230x150
File photo dated 11/11/16 of insurance market Lloyd's of London which said it swung to a pre-tax loss of £2 billion for 2017 against profits of £2.1 billion the previous year. | Philip Toscano/PA Archive/PA Images

The African Development Bank is set to announce on Monday afternoon the other risk transfer transaction it has been working on, in parallel with the ground-breaking $1bn securitization it closed in September. Like that, this portfolio credit insurance transaction could serve as a model for other supranationals.

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