Swiss Re Among Firms in $3 Billion Credit-Risk Deal for IFC
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Swiss Re AG, Tokio Marine Holdings Inc., AXIS Capital Holdings Ltd and AXA SA are among providers of $3 billion in credit-risk insurance for the private-sector arm of the World Bank Group, as it seeks to expand its lending in emerging economies.
The policy provides payment protection for a portion of loans that the International Finance Corporation will extend to companies in regions including Latin America, Asia and Africa, said a representative for the Washington-based multilateral lender in an emailed reply to questions.