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International

Munich Re, Asian Development Bank sign agreement to boost trade in Asia

June 15, 2016 Reprints

Munich Reinsurance Co. and the Asian Development Bank have entered into an agreement on $250 million cover to help ADB's Trade Finance Program boost trade in Asia, reported Business Standard.

Munich Re will provide up to $250 million insurance capacity on financing of trade transactions conducted by the program.

The reinsurer will provide the cover via one of its specialist primary insurers.

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Munich Re, Asian Development Bank sign agreement to boost trade in Asia

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