Aon and the European Bank for Reconstruction and Development expand war risk insurance facility for Ukraine
Key Highlights
- ➤URGF guarantee scheme expanded from €110 million to €150 million
- ➤Facility has generated over €500 million reinsurance coverage across nearly 10,000 policies
- ➤UNIVERSALNA and USG joined INGO, Colonnade and UNIQA in the program
- ➤Coverage expanded to gas assets and inventory goods in temporary warehouse storage
- ➤Aon manages EBRD-backed facility providing MS Amlin reinsurance guarantees
Expert Statements
Odile Renaud-Basso, President of the EBRD
“The URGF is a critical tool that helps businesses in Ukraine to manage their risk and continue operating in a war environment. We're pleased to work with our partners to expand the scheme and offer additional support to more companies amidst challenging operating conditions.”
Greg Case, President and CEO of Aon
“With the war continuing to imperil the Ukrainian economy, war risk insurance is central to sustaining investment and building resilience in Ukraine. We are proud to welcome UNIVERSALNA and USG to the expanded facility, which has already led to more than €500 million of reinsurance coverage for goods and vehicles across nearly 10,000 policies and will now protect more businesses, while preparing the country for recovery and reconstruction.”
Martin Burke, Chief Underwriting Officer, MS Amlin
“Ukrainian businesses continue to trade and invest despite the conflict, driving strong demand for war-risk insurance. Expanding the facility will allow local insurers to meet more of that demand and provide cover across a broader range of commercial risks. This expansion is an important step towards building a broader, more sustainable market. Bringing in more reinsurers and additional capacity will be vital to supporting Ukraine's economic resilience and longer-term recovery.”
Oleksiy Muzychko, CEO of UNIVERSALNA
“We would like to express our sincere appreciation to the EBRD and Aon for their continued support. This initiative is especially important for Ukrainian businesses today, and for the agricultural sector in particular. By joining this reinsurance program, we will increase our capacity to provide war risk coverage, enabling more businesses across Ukraine to access the protection they need to sustain operations and contribute to the country's economic resilience.”
Pavlo Nelga, CEO of USG
“At USG, we strongly believe in the continued resilient development of Ukrainian business, and joining the expanded facility helps us better address current needs in Ukraine. We are grateful to our international partners for their continued support and for upgrading the facility for the Ukrainian insurance market. We look forward to remaining a strong partner in rebuilding the country after the war.”
Aon and the European Bank for Reconstruction and Development expand war risk insurance facility for Ukraine PR Newswire
DUBLIN, Oct. 13, 2026 * Brings guarantee scheme through the EBRD from €110 to €150 million to provide reinsurance capacity for international reinsurers and Ukrainian insurance companies to cover war related risks in Ukraine * UNIVERSALNA and USG join three previously announced Ukrainian insurance companies in the program 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.
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