PROJECT

Projects

Summary of Investment Information

Project Number

30474

Company Name

MUNICH RE SURETY FACILITY

Date SPI Disclosed

Feb 19, 2013

Country

World Region

Region

Global

Projected Board Date

Mar 21, 2013

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Jun 3, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Dec 8, 2015
Signed : Jun 12, 2013

Sector

General Insurance (Non-Life)

Project Description

The project entails a risk sharing facility (the “Project”) of up to $100 million with Münchener Rückversicherungs-Gesellschaft
Aktiengesellschaft in München (“Munich Re” or the “Company”) on its emerging market surety bond exposures. The Project will target infrastructure development in Brazil by risk sharing the Company’s peak exposures to selected engineering, procurement and construction (“EPC”) companies. The Project will support the development of infrastructure, a key bottleneck for sustainable growth and for improvement of competitiveness in Brazil and can be expanded to include other emerging market countries.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation