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

"EBRD, Aon launch €110m Ukraine war risk facility " was originally created and published by Life Insurance International, a GlobalData owned brand.

The EBRD's new Ukraine Recovery and Reconstruction Guarantee Facility will initially help reinsurance companies cover risks connected to land-based transport, focusing on small and medium businesses.

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

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.