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What’s happening: Aon announced a $350 million, first-of-its kind insurance program with the U.S. International Development Finance Corporation (DFC) to build insurance capacity and accelerate new capital investment and economic recovery in Ukraine.

• Aon and DFC coordinated a comprehensive $50 million reinsurance facility to support the ongoing issuance of on-the-ground war risk policies to businesses operating in Ukraine and collaborated on an additional $300M in war risk insurance designed for Ukraine's health care and agriculture industries.
• This will enable the local insurance industry to price risk and draw much needed new capital into Ukraine, while creating capacity and capability in the country to support reconstruction.

Learn more about the announcement:

• In an interview on CNBC, Eric Andersen, Aon president, said: “In working with the DFC and with a local Ukrainian insurer, we've been able to get new capital into the country to provide that insurance now during conflict time, but ultimately to set up for peace time.” Watch the full interview here.
• Read more in the Financial Times, Fortune, Insurance Insider, The Insurer, Politico and Reuters.