Core Insights - Aon plc and the U.S. International Development Finance Corporation (DFC) have launched a $350 million insurance program aimed at enhancing insurance capacity and facilitating economic recovery in Ukraine [1][3][5] Group 1: Insurance Facility Details - Aon has coordinated a $50 million reinsurance facility to support the issuance of war risk policies for businesses in Ukraine [2][4] - The program includes an additional $300 million in war risk insurance specifically for Ukraine's health care and agriculture sectors, addressing the high demand for accessible insurance [2][3] Group 2: Economic Recovery and Investment - The initiative is designed to unlock and accelerate investment in Ukraine, particularly during a critical recovery phase, by providing necessary risk protection [3][4] - DFC will act as the reinsurer, assuming $50 million of war-related reinsurance risk, which is expected to build investor confidence and encourage private sector participation [3][4] Group 3: Role of U.S. Government and Key Personnel - The U.S. government is actively working to drive capital to the private sector in Ukraine, recognizing its importance for recovery [4][5] - Penny Pritzker, the U.S. Special Representative for Ukraine's Economic Recovery, has played a crucial role in mobilizing support and facilitating the insurance program [5]
Aon announces first-of-its kind, $350M insurance program to accelerate new capital investments and economic recovery in Ukraine