A new reinsurance facility agreement with the US International Development Finance Corporation (DFC), has  been created to support Ukrainian business and individuals.

Broker Aon and Kniazha Vienna Insurance Group (Kniazha Vig) announced the new $25 million facility which is aimed at SMEs and individuals in the warn torn country.

“Since the onset of the war, our commitment to Ukraine has compelled our firm to build a global public and private coalition to support and invest in the country,” said Greg Case, (pic) president and CEO of Aon. “We are proud to collaborate with Kniazha Vig to build on work with the U.S. International Development Finance Corporation and others as we put our expertise, analytics and relationships to urgent work to unlock innovative solutions to this complex challenge.”

The facility, which will provide reinsurance coverage from DFC on a portfolio of war risk insurance policies up to $100 million, will enable Kniazha Vig to deliver comprehensive, innovative war-risk insurance solutions to SMEs and private individuals across Ukraine. The reinsurance contract became effective February 1, 2026.

“Our partnership with DFC marks an important step in strengthening Kniazha’s  role in Ukraine’s rebuilding process and reflects VIG’s long-term commitment to the country,” said Harald Riener, Member of the Managing Board of VIG and Chairman of the Supervisory Board of Kniazha Vig. “By expanding SME and private insurance solutions and supporting regional initiatives, we are creating a resilient platform that empowers communities and unlocks new market opportunities. This collaboration positions Kniazha to contribute to long-term stability while building sustainable growth for the future.”

This latest announcement builds on Aon’s work to assist Ukraine – representing more than $490 million in public and private capital the firm has coordinated to reinforce Ukraine’s economy, enable foreign investment during the war and prepare for reconstruction. Over the last two years, Aon has worked in partnership with DFC to build insurance capacity and accelerate new capital investment and economic recovery in Ukraine.

In 2024 it announced a $350 million, first-of-its kind insurance program with the DFC to build insurance capacity and accelerate new capital investment and economic recovery in Ukraine.

At the time the broker said: “Capital will not go where it is not protected and this unprecedented program with the U.S. International Development Finance Corporation is intended to unlock and accelerate investment in Ukraine at a time when the need is most acute.”

The broker has also called on the (re)insurance industry to remove blanket exclusions for risks originating in Ukraine, Russia and Belarus, organized an €110 million ($115 million) insurance facility in collaboration with the European Bank for Reconstruction and Development (EBRD).

This latest announcement builds on Aon’s work to assist Ukraine – representing more than $490 million in public and private capital the firm has coordinated to reinforce Ukraine’s economy, enable foreign investment during the war and prepare for reconstruction.