Zurich Insurance to Spend Up to $1 Billion in Green Bonds
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Zurich Insurance Group AG, Switzerland’s biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities.
The insurer has appointed BlackRock Inc., the world’s biggest money manager, to select green bonds issued by the World Bank and other development institutions, the Zurich-based company said in an e-mailed statement today.