Press release 📈 Stocks 🌍 Ukraine

Aon Expands Ukraine War Risk Insurance Facility to €150 Million

Aon boosts its EBRD-backed war risk insurance scheme to €150 million, adding new Ukrainian partners to support regional reinsurance capacity.

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AON
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📅 Short-term 🌍 US · Explicit

Aon expands its war risk insurance facility with EBRD, increasing the guarantee scheme to €150 million, which may modestly support its reinsurance business.

🎯 Key Takeaways

  • The EBRD-backed guarantee scheme increased by €40 million to a total of €150 million.
  • New Ukrainian insurers UNIVERSALNA and USG have joined the facility to expand coverage for war-related risks.

📝 Executive Summary

Aon has increased its war risk insurance facility in collaboration with the European Bank for Reconstruction and Development (EBRD) from €110 million to €150 million. The expansion aims to bolster reinsurance capacity for international and Ukrainian insurers operating in the region.

❓ FAQ

What is the purpose of Aon's expanded insurance facility?

The facility provides essential reinsurance capacity to international and Ukrainian insurance companies to cover risks associated with the ongoing war in Ukraine.