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ARTICLE · 10 JANUARY 2025

Innovative War Risk Insurance Facility Launched For Ukraine Via Guernsey Structure

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Aon and The European Bank for Reconstruction and Development (EBRD) have launched a €110m (£90.7m) guarantee scheme to provide reinsurance capacity to cover war-related risks in Ukraine.

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Aon and The European Bank for Reconstruction and Development (EBRD) have launched a €110m (£90.7m) guarantee scheme to provide reinsurance capacity to cover war-related risks in Ukraine.

The structure used for the facility is based in Guernsey and sits within Aon's White Rock business. Recently Aon and White Rock in Guernsey have enabled finance disaster relief for The International Federation of Red Cross and Red Crescent Societies and a catastrophe bond providing protection against wildfire related losses in the State of California.

The collaboration will help to revitalise the war risk insurance market in Ukraine and boost the provision of reinsurance capacity to private-sector insurers to address the ongoing challenges posed by the war.

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