The announcement follows Aon’s recent launch of the Florida Flood v3.0 model, which has been certified by the Florida Commission on Hurricane Loss Projection Methodology.
The reinsurance facility will benefit ARX, a Ukrainian subsidiary of Fairfax Financial Holdings, enabling it to expand its war risk insurance offerings. This initiative is expected to create a portfolio of war risk insurance policies tailored to companies operating within Ukraine and unlock over $200 million in new coverage for static assets in the region.
By leveraging DFC’s PRI, ARX aims to boost investor confidence and mitigate investment risks in Ukraine, a critical step toward supporting economic activity amid ongoing conflict.
The transaction is part of a broader DFC strategy to aid Ukraine’s economic resilience and reconstruction. DFC’s overall portfolio in Ukraine now totals $1.7 billion, including key initiatives such as a $250 million loan to strengthen food security and $25 million in PRI to assist individuals impacted by the conflict.
The collaboration highlights the growing role of international partnerships in stabilizing and rebuilding Ukraine’s economy during challenging times.
DFC Investments head Agnes Dasewicz stated: “In collaboration with the private sector, DFC is building investor confidence where it is needed most and mobilising the capital required to strengthen Ukraine’s economy today and into the future. DFC’s political risk insurance is providing vital support to the Ukrainian people and their economy as we work towards a brighter and more prosperous future for the country.”
Aon CEO Greg Case said: “Aon’s work with the US International Development Finance Corporation is unlocking and accelerating investment in Ukraine at a time when the need is most acute. This groundbreaking facility will enable the local insurance industry to appropriately price risk and draw much-needed new capital into Ukraine, while creating capacity and capability in the country to support reconstruction.”
The development comes shortly after Aon’s introduction of the Florida Flood v3.0 model, certified by the Florida Commission on Hurricane Loss Projection Methodology.
“Aon brokers US political risk insurance for Ukraine businesses ” was originally created and published by Life Insurance International, a GlobalData owned brand.
