The European Bank for Reconstruction and Development (EBRD) and Aon have introduced the €110m ($115.16m) Ukraine Recovery and Reconstruction Guarantee Facility to support Ukraine’s economy amid its ongoing war with Russia.

Aon plc (NYSE: AON), a leading global professional services firm, and the European Bank for Reconstruction and Development (EBRD) have structured a tailor-made and highly innovative facility supporting the revitalization of the war risk insurance market in Ukraine.

The European Bank for Reconstruction and Development is launching a 110 million euro guarantee to jumpstart war risk reinsurance for inland transport in Ukraine.

The European Bank for Reconstruction and Development (EBRD) and the Aon risk management firm launched a 110-million-euro ($116 million) guarantee program to help insurers cover some war-related risks in Ukraine,

Under the Ukraine Recovery and Reconstruction Guarantee Facility program, the EBRD will provide a €110 million ($115 million) guarantee to improve private insurers' access to reinsurance to address the challenges caused by the war in Ukraine.

The European Bank for Reconstruction and Development is launching a 110 million euro guarantee to jumpstart war risk reinsurance for inland transport in Ukraine. The bank estimates the scheme could fa

In order to revive the war risk insurance market in Ukraine, the European Bank for Reconstruction and Development (EBRD) and the international insurance and reinsurance broker Aon announced the start of a specialised programme.