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AON Leads $350M Insurance Initiative for Ukraine Recovery
AONAON(AON) ZACKS·2024-06-12 16:25

Aon plc (AON) recently unveiled a 350millioninsuranceinitiativeincollaborationwiththeU.S.InternationalDevelopmentFinanceCorporation(DFC).Thisfirst−of−itskindprogramaimstobuildinsurancecapacityandboostnewcapitalinvestments,therebyaidinginUkraine′seconomicrecovery.Thecompanyorchestratedareinsurancefacilityof350 million insurance initiative in collaboration with the U.S. International Development Finance Corporation (DFC). This first-of-its kind program aims to build insurance capacity and boost new capital investments, thereby aiding in Ukraine's economic recovery.The company orchestrated a reinsurance facility of 50 million in collaboration with the DFC and the Ukrainian Ministry for Development of Economy and Trade. This initiative aims to support the ongoing issuance of o ...