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Clinton and Blair to Launch First Micro-insurance Investment Firm

Former President Clinton will officially launch LeapFrog Investments, the world’s first micro-insurance investment firm, at the finale Special Session of the Clinton Global Initiative in New York, at 12:00pm ET on Friday (September 26, 2008). The President will be joined on stage by Prime Minister Tony Blair and several heads of state.

The session will be streamed live at www.clintonglobalinitiative.org.

LeapFrog invests in companies that meet the insurance and financial needs of low-income people in developing countries. The firm represents the largest-scale micro-insurance initiative in the world – a crucial next frontier in the development of micro-finance. LeapFrog is led by several of the world’s foremost experts in micro-insurance, and has strong partnerships with leading global law firms, actuaries and consultants in financial services to low-income people.

Micro-insurance helps vulnerable low-income people to escape poverty by dampening the shocks that could leave families destitute. It also enables micro-entrepreneurs to take the risk of adopting new technology that raises their income. It makes lenders more willing to lend to the financially excluded. And it improves health by reducing the costs of seeking care.

The market for microinsurance is estimated to be 1 billion people, according to the Landscape Report, the largest-ever study of microinsurance in 100 countries authored by LeapFrog’s leaders.

For more information about LeapFrog and the, please visit:www.leapfroginvest.com

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