EBRD increases guarantee fund for insuring Ukraine's war risks to EUR 150 million
The European Bank for Reconstruction and Development (EBRD) and Aon, a leading global professional services firm, are expanding the size and capabilities of the Ukraine Recovery and Reconstruction Guarantee Fund (URGF) for war risk insurance from EUR 110 million to EUR 150 million.
The European Bank for Reconstruction and Development (EBRD) has increased the size of the Ukraine Recovery and Reconstruction Guarantee Fund (URGF) from EUR 110 million to EUR 150 million to better support war risk insurance for Ukrainian companies. This expansion, backed by donor coverage from the European Union, allows more insurers, including INGO, Colonnade, UNIQA, USG, and Universalna, to offer war risk coverage.
The URGF, managed by Aon, guarantees losses from war-related risks to global reinsurer MS Amlin, with the initial EUR 110 million guarantee remaining fully in effect. The increased capacity comes amid intensified Russian attacks on Ukraine's infrastructure, prompting the EBRD to remain Ukraine's largest institutional investor, having invested EUR 11 billion since 2022.
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