The Oct. 12 log entry gives a fund-level size but no individual commitments or strategy.
Insurance Capital Daily's deal log records a $2 billion fund launch dated Oct. 12 that lists Tokio Marine, Schroders, BlueOrchard and International Finance Corporation as parties.
The entry carries no individual commitment sizes, so the $2 billion figure is fund-level and not attributable to any one name.
The log also gives no strategy or geography and does not specify Tokio Marine's role or commitment.
Reported by The Wrap desk from Insurance Capital Daily deal log. Published . Corrections
Tokio Marine HCC is seeding the evergreen fund with $100 million and Tokio Marine & Nichido Fire is adding $200 million at the first close.
WTW reports record Bermuda property capacity and slowing rate cuts, while Moody's says El Niño season counts say little about annual losses.
Tokio Marine & Nichido Fire adds $200 million, bringing the group's anchor commitment to $300 million at the evergreen fund's first closing.
Pre-tax investment income rose 8.6% to a record $1.79 billion while Travelers' domestic renewal increases, excluding National Accounts, slowed to 0.9% from 4.3%.
Ategrity's $17.2 million investment loss cut net income, while Chubb's record $1.79 billion of investment income blunted catastrophe costs that more than doubled.
Annuities, general-account allocations and insurance-dedicated funds. Daily at 7:05 a.m. ET.
Free. Every morning. Unsubscribe from any edition in one click.