Aon and Lloyd’s commit to facilitating foreign (re)insurance capacity together with Vienna Insurance Group (VIG) to bolster Ukraine’s economic resilience.
Aon, Lloyd’s and VIG today announced a new collaboration to provide enhanced (re)insurance capacity to bolster Ukraine’s economic resilience and support the country’s recovery and reconstruction.
As part of the UK-Ukraine Private Finance Partnership, Lloyd’s and Aon have committed to deliver fast-track access to supplementary foreign (re)insurance capacity to support both international and domestic companies operating in Ukraine with manufacturing and construction risk exposure, excluding war cover.
Working together like this will harness the expertise and capabilities of Ukraine’s insurance market* to strengthen and grow domestic (re)insurance availability, providing an essential financial mechanism to support rebuild and reconstruction efforts.
As a first step in delivering this commitment, Aon and Lloyd’s have joined forces with one of the largest insurers operating in Ukraine, Vienna Insurance Group (VIG), to provide both treaty and facultative (re)insurance that will allow increased capacity for their local and international clients requiring cover for manufacturing and construction activities.