Aon, Lloyds and VIG in pact to commit to Ukraine insurance

Insurers Aon, Lloyd's and Vienna Insurance Group will join forces to provide coverage for Ukraine to support its reconstruction, Lloyd's announced on Wednesday. The announcement did not include detail on the timing or volume of coverage.

Insurers Aon, Lloyd's and Vienna Insurance Group will join forces to provide coverage for Ukraine to support its reconstruction, Lloyd's announced on Wednesday. The commitment follows an announcement earlier in the day by British Prime Minister Rishi Sunak on a new framework for war risk insurance.

Lloyd's said the insurers committed to "fast-track access" for insurance for both international and Ukrainian domestic companies. The announcement did not include detail on the timing or volume of coverage.