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Tokio Marine is first Japanese cat bond sponsor to use sustainable development bond

Tokio Marine Holdings, Inc., through its subsidiary Tokio Marine & Nichido Fire Insurance Co. Ltd., has become the first Japanese insurer to make use of a SOFR-based World Bank Sustainable Development Bond as a permitted investment within its latest catastrophe bond issuance, the company highlighted today. As Artemis has been reporting, Tokio Marine has been […]

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