Aon, Lloyd’s, VIG unveil insurance collaboration for Ukraine

Lloyd’s, Aon, and Vienna Insurance Group (VIG) are working together to help Ukraine recover and rebuild by facilitating foreign (re)insurance capacity.

“This unique commitment from Lloyd’s, VIG, and Aon combines proven expertise in the insurance industry with innovative risk management and capital solutions, and so with urgency and energy we can help strengthen return to the social welfare of citizens, communities, and corporations in Ukraine,” Aon’s global chairman of reinsurance solutions, Dominic Christian, said in an emailed release.

The goal is to deliver rapid access to additional foreign (re)insurance capacity to support companies operating in Ukraine with manufacturing and construction risk exposure, excluding war cover. The initiative is part of the UK-Ukraine Private Finance Partnership.

“The Central and Eastern European region is our home market, and we’ve been in Ukraine since 2004,” said VIG managing board member Peter Höfinger. “In line with our clearly pursued long-term strategy in our markets, we see it as our moral commitment to support Ukrainian companies in the reconstruction process.

“With this partnership, we are pleased to use the international capacities of Lloyd’s and Aon and to provide our local expertise in the insurance business in Ukraine.”

Lloyd’s chief executive John Neal added: “By ensuring that the country’s insurance market has the necessary capital to lead insurance solutions for its customers, supported by international financial strength ( (also) the insurance industry, we can help strengthen the economic stability of Ukraine as it recovers and rebuilds.”

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