The European Bank for Reconstruction and Development is launching a 110 million euro guarantee to jumpstart war risk reinsurance for inland transport in Ukraine. The bank estimates the scheme could fa

In order to revive the war risk insurance market in Ukraine, the European Bank for Reconstruction and Development (EBRD) and the international insurance and reinsurance broker Aon announced the start of a specialised programme.

Under the Ukraine Recovery and Reconstruction Guarantee Facility program, the EBRD will provide a €110 million ($115 million) guarantee to improve private insurers' access to reinsurance to address the challenges caused by the war in Ukraine.

The EBRD's new Ukraine Recovery and Reconstruction Guarantee Facility will initially help reinsurance companies cover risks connected to land-based transport, focusing on small and medium businesses.

The European Bank for Reconstruction and Development is launching a 110 million euro guarantee to jumpstart war risk reinsurance for inland transport in Ukraine.

Donor contributions, including from France, the UK, Norway and the TaiwanBusiness-EBRD Technical Cooperation Fund, make war risk insurance more accessible. Other donors, including the European Union and Switzerland, are in advanced negotiations.

The European Bank for Reconstruction and Development (EBRD) has established a €110mn guarantee facility aimed at boosting war risk insurance for cargo and transport companies in Ukraine. As part of the facility,