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Aon and KNIAZHA VIENNA INSURANCE GROUP announce new $25M war-risk insurance facility with the U.S. International Development Finance Corporation
Prnewswire· 2026-02-09 14:03
Core Insights - Aon plc and KNIAZHA VIENNA INSURANCE GROUP have established a $25 million reinsurance facility agreement with the U.S. International Development Finance Corporation to support war-risk insurance in Ukraine [1][2] - The facility will provide reinsurance coverage of up to $100 million on a portfolio of war risk insurance policies, enabling KNIAZHA VIG to offer innovative insurance solutions to SMEs and private individuals in Ukraine [2][3] - Aon's efforts in Ukraine have mobilized over $490 million in public and private capital to bolster the economy and facilitate foreign investment during the ongoing conflict [3][6] Company and Industry Contributions - The partnership with DFC is a significant step in enhancing KNIAZHA's role in Ukraine's rebuilding process, reflecting a long-term commitment to the country [3] - By expanding insurance solutions for SMEs and private individuals, the collaboration aims to create a resilient platform that empowers communities and unlocks new market opportunities [3] - Aon has previously organized a €110 million ($115 million) insurance facility in collaboration with the European Bank for Reconstruction and Development to support Ukraine's economic recovery [3][6]