Aon and the European Bank for Reconstruction and Development expand war risk insurance facility for Ukraine
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DUBLIN, Oct. 13, 2026 /PRNewswire/ -- Aon plc (NYSE: AON ), a leading global professional services firm, and the European Bank for Reconstruction and Development (EBRD) announced the expansion of the highly innovative Ukraine Recovery and Reconstruction Guarantee Facility (URGF) which has strengthened the war risk insurance market in Ukraine through the provision of reinsurance capacity to private sector insurers. The expansion of the URGF – which has led to more than €500 million of reinsurance coverage for goods and vehicles across nearly 10,000 policies to date – from €110 to €150 million arrives as Ukraine contends with intensifying Russian attacks on energy, transport, logistics and civilian infrastructure, as well as the renewed blockade of Black Sea ports. The attacks have significantly strained Ukrainian businesses and the economy, and adequate war risk insurance is essential for businesses to manage their risks and ensure that their business activity can continue. Through the URGF, which is managed by Aon, the EBRD is providing global reinsurer MS Amlin with a guarantee covering losses on war-related risks underwritten by the local Ukrainian insurers participating in the facility. This enables the Ukrainian insurers to benefit from reinsurance coverage and expand their war insurance offering. Premiums generated by these policies have exceeded claims reported to...
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