Aon and KNIAZHA VIENNA INSURANCE GROUP announce new $25M war-risk insurance facility with the U.S. International Development Finance Corporation

• Comprehensive $25M reinsurance facility will enable KNIAZHA VIG to deliver comprehensive, innovative war-risk insurance solutions to SMEs and private individuals across Ukraine.
• Builds on Aon's efforts to support Ukraine's economy, insurance industry and preparation for reconstruction – now representing more than $490M in public and private capital for war risk insurance.
• Collaboration underscores KNIAZHA VIG's commitment to supporting Ukraine's economic recovery by mitigating conflict-related risks and catalyzing private investment.

DUBLIN, Feb. 9, 2026 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, and KNIAZHA VIENNA INSURANCE GROUP ("KNIAZHA VIG") today announced a new $25M reinsurance facility agreement with the U.S. International Development Finance Corporation (DFC).

"Since the onset of the war, our commitment to Ukraine has compelled our firm to build a global public and private coalition to support and invest in the country," said Greg Case, president and CEO of Aon. "We are proud to collaborate with KNIAZHA VIG to build on work with the U.S. International Development Finance Corporation and others as we put our expertise, analytics and relationships to urgent work to unlock innovative solutions to this complex challenge."

The facility, which will provide reinsurance coverage from DFC on a portfolio of war risk insurance policies up to $100 million, will enable KNIAZHA VIG to deliver comprehensive, innovative war-risk insurance solutions to SMEs and private individuals across Ukraine. The reinsurance contract became effective February 1, 2026.

"Our partnership with DFC marks an important step in strengthening KNIAZHA's role in Ukraine's rebuilding process and reflects VIG's long-term commitment to the country," said Harald Riener, Member of the Managing Board of VIG and Chairman of the Supervisory Board of KNIAZHA VIG. "By expanding SME and private insurance solutions and supporting regional initiatives, we are creating a resilient platform that empowers communities and unlocks new market opportunities. This collaboration positions KNIAZHA to contribute to long-term stability while building sustainable growth for the future."

This latest announcement builds on Aon's work to assist Ukraine – representing more than $490M in public and private capital the firm has coordinated to reinforce Ukraine's economy, enable foreign investment during the war and prepare for reconstruction. Over the last two years, Aon has worked in partnership with DFC to build insurance capacity and accelerate new capital investment and economic recovery in Ukraine, called on the (re)insurance industry to remove blanket exclusions for risks originating in Ukraine, Russia and Belarus, organized a €110M ($115M) insurance facility in collaboration with the European Bank for Reconstruction and Development (EBRD) and launched a Ukraine Early Careers Program to hire displaced Ukrainians in Aon offices.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon's newsroom and sign up for news alerts here.

Media Contacts
mediainquiries@aon.com 
Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114
International: +1 312 381 3024

DUBLIN, Feb. 9, 2026 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, and KNIAZHA VIENNA INSURANCE GROUP ("KNIAZHA VIG") today announced a new $25M reinsurance facility agreement with the U.S. International Development Finance Corporation (DFC).

"Since the onset of the war, our commitment to Ukraine has compelled our firm to build a global public and private coalition to support and invest in the country," said Greg Case, president and CEO of Aon. "We are proud to collaborate with KNIAZHA VIG to build on work with the U.S. International Development Finance Corporation and others as we put our expertise, analytics and relationships to urgent work to unlock innovative solutions to this complex challenge."

The facility, which will provide reinsurance coverage from DFC on a portfolio of war risk insurance policies up to $100 million, will enable KNIAZHA VIG to deliver comprehensive, innovative war-risk insurance solutions to SMEs and private individuals across Ukraine. The reinsurance contract became effective February 1, 2026.

"Our partnership with DFC marks an important step in strengthening KNIAZHA's role in Ukraine's rebuilding process and reflects VIG's long-term commitment to the country," said Harald Riener, Member of the Managing Board of VIG and Chairman of the Supervisory Board of KNIAZHA VIG. "By expanding SME and private insurance solutions and supporting regional initiatives, we are creating a resilient platform that empowers communities and unlocks new market opportunities. This collaboration positions KNIAZHA to contribute to long-term stability while building sustainable growth for the future."

This latest announcement builds on Aon's work to assist Ukraine – representing more than $490M in public and private capital the firm has coordinated to reinforce Ukraine's economy, enable foreign investment during the war and prepare for reconstruction. Over the last two years, Aon has worked in partnership with DFC to build insurance capacity and accelerate new capital investment and economic recovery in Ukraine, called on the (re)insurance industry to remove blanket exclusions for risks originating in Ukraine, Russia and Belarus, organized a €110M ($115M) insurance facility in collaboration with the European Bank for Reconstruction and Development (EBRD) and launched a Ukraine Early Careers Program to hire displaced Ukrainians in Aon offices.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon's newsroom and sign up for news alerts here.

Media Contacts
mediainquiries@aon.com 
Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114
International: +1 312 381 3024

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Aon and KNIAZHA VIENNA INSURANCE GROUP announce new $25M war-risk insurance facility with the U.S. International Development Finance Corporation

- Targeting RE markets in Latin America and Asia-Pacific with product proven in Europe and OE sales

SEOUL, South Korea, March 15, 2026 /PRNewswire/ -- NEXEN TYRE, a leading global tyre manufacturer, announced the launch of its high-performance summer tyre the N'BLUE S in Australia, as it accelerates its expansion in the global replacement (RE) market. Following its success in the European market, the company is now introducing this proven product to Australia to diversify its premium portfolio and support long-term growth in the Asia-Pacific region.

NEXEN TYRE's launch of the N'BLUE S in Australia is part of the company's premium global expansion strategy. Optimised for Australia's diverse driving conditions, the N'BLUE S delivers exceptional stability on wet roads and superior efficiency in everyday driving. This launch marks a significant step forward in the company's plan to diversify its regional portfolio and meet the structural demand for high-quality summer tyres in the Asia-Pacific region.

The N'BLUE S is a high-performance summer tyre designed with an optimised contact patch structure that reduces rolling resistance for better efficiency and improved handling. It is made from a multifunctional compound with evenly dispersed materials to enhance wet grip, ensuring stable driving on wet roads.

The newly launched N'BLUE S also carries NEXEN TYRE's proprietary EV ROOT mark. This designation is granted to products engineered to deliver optimal performance across internal combustion engine, hybrid, and electric vehicles. As electrification accelerates globally, the company expects to broaden its sales base by offering a single product suitable for vehicles across diverse powertrains.

The N'BLUE S's performance has already been proven in both the European replacement market and original equipment (OE) sales. It has been supplied as OE for European models as well as electric vehicles such as the Hyundai Casper EV, Kia Niro and PV5. NEXEN TYRE aims to build on the product's proven competitiveness with global automakers by expanding consumer touchpoints through broader penetration into the replacement market.

NEXEN TYRE is strengthening its presence in Australia by enhancing both its logistics infrastructure and its retail competitiveness. With the opening of a new warehouse in Rocklea, Queensland in 2025, the company now operates three dedicated logistics hubs across New South Wales, Victoria, and Queensland. This has enabled significantly shorter lead times and superior inventory responsiveness for NEXEN TYRE's partners nationwide. As part of its continued investment in the Australian market, the company is also planning to establish a new warehouse in Western Australia later this year further enhancing its nationwide distribution efficiency.

Starting in 2026, NEXEN TYRE AUSTRALIA plans to roll out its global retail branding program, the Nexen Point Dealer Program, nationwide. This will unify external signage, in-store interiors and merchandising guidelines to ensure a consistent brand experience. By integrating its three logistics hubs with a unified distribution and branding strategy, NEXEN TYRE aims to accelerate its growth in the local RE tyre market.

"The launch of the N'BLUE S in Australia reflects our commitment to delivering high-performance summer tyres across the Asia-Pacific region," said John Bosco (Hyeon Suk) Kim, CEO of NEXEN TYRE. "With our strengthened local logistics and retail network, we will continue to expand our presence and enhance our competitive edge in the Australian replacement market."

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About NEXEN TYRE

Established in 1942, NEXEN TYRE is a global tyre manufacturer headquartered in South Korea. As one of the world's fastest growing tyre manufacturers, the company does business in approximately 150 countries around the world and owns four manufacturing plants, two in Korea (Yangsan and Changnyeong), one in Qingdao, China, and a fourth in Žatec, Czech Republic, that began operation in 2019. NEXEN TYRE produces tyres for passenger cars, SUVs, and light trucks based on advanced technology and design excellence. As proof of their quality and technological excellence, the company's OE tyres are used by global premium car makers in various countries around the world. In 2014, NEXEN TYRE achieved a grand slam by winning the world's top four design awards, the first tyre maker in the world to do so.

For more information, please visit https://newsroom.nexentire.com/

 

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NEXEN TYRE Expands in Australia with Launch of High-Performance N'BLUE S