MS&AD Insurance invests in World Bank’s Sustainable Development Bond

The investment will be used to fund projects to reduce poverty and promote inclusive growth in developing countries

MS&AD Insurance invests in World Bank’s Sustainable Development Bond

Insurance News

By Gabriel Olano

MS&AD Insurance Group has announced the completion of a private placement investment in the Sustainable Development Bond issued by the World Bank. The insurer invested US$120 million in the bond, maturing in 2027.

Through the bond, the World Bank uses funds raised from international capital markets to finance sustainable development projects in borrowing countries. These projects aim to reduce poverty and promote inclusive growth in several sectors, such as education, health, agriculture, and vital infrastructure.

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Various members of the MS&AD Insurance Group participated in the investment, namely Mitsui Sumitomo Insurance Co., Ltd., Aioi Nissay Dowa Insurance Co., Ltd., Mitsui Sumitomo Aioi Life Insurance Co., Ltd., and Mitsui Sumitomo Primary Life Insurance Co., Ltd. This is the first time multiple Japanese insurers under the same umbrella group have made a joint investment in the World Bank’s Sustainable Development Bond.

Teruhiko Ito, executive officer of MS&AD Insurance Group, commented: “The MS&AD Insurance Group continues to create value through contributions to the solution for social issues by identifying risks and providing information on risks, preventing risks from being realized and reducing the impact of risks, and reducing the economic burden when risks become real through our risk management services and insurance products. We also prioritize responsible investment and are a signatory to the Principles for Responsible Investment Initiative. By investing in World Bank bonds, we will be able to contribute to tackling the challenges to achieve sustainable development,”

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