Global professional services firm Aon and KNIAZHA VIENNA INSURANCE GROUP (KNIAZHA VIG), the Ukrainian subsidiary of Vienna Insurance Group (VIG), announced a $25 million reinsurance financing agreement with the U.S. International Development Finance Corporation (DFC) to provide reinsurance for a portfolio of war risk policies, with limits up to $100 million.
Aon explained that the facility will enable KNIAZHA VIG to provide comprehensive, innovative war risk insurance solutions to SMEs and individuals across Ukraine. The reinsurance contract becomes effective on February 1, 2026.
The professional services firm said the latest announcement builds on its work in support of Ukraine, where it has coordinated more than $490 million in public and private capital to strengthen the country’s economy, attract foreign investment during the war and prepare for post-war reconstruction.
Readers may recall that Aon previously partnered with DFC to establish a first-of-its-kind reinsurance facility to support war risk policies for Ukrainian businesses.
KNIAZHA VIG is reportedly one of the first insurance companies to enter into a reinsurance facility agreement with DFC, strengthening its role in supporting the resilience of the Ukrainian economy by mitigating conflict-related risks and helping to promote private investment.
Harald Riener, Member of the VIG Management Board and Chairman of the Supervisory Board of KNIAZHA VIG, said: “Our cooperation with DFC marks an important step in strengthening KNIAZHA VIG’s role in Ukraine’s reconstruction process and reflects VIG’s long-term commitment to the country.
“By expanding SME and private insurance solutions and supporting regional initiatives, we are creating a resilient platform that supports communities and unlocks new market opportunities.
“This collaboration enables KNIAZHA VIG to contribute to long-term stability while building sustainable growth for the future.”
Aon President and CEO Greg Case concluded: “Since the outbreak of the war, our commitment to Ukraine has compelled our company to build a global public and private coalition to support and invest in the country.
“We are honored to partner with KNIAZHA VIG, building on our collaboration with DFC and other companies, to bring our expertise, analysis and relationships to urgent work to launch innovative solutions to address this complex challenge.”