Aon has introduced Sidecar X, a new facility offering up to $200 million of capacity for transactional risk insurance. The facility sits within Aon's Global Sidecar Platform, which covers representations and warranties insurance alongside tax insurance, and is being rolled out across the US, Canada, the UK, the European Economic Area and Asia. Access to Sidecar X is limited to Aon's own client base, with underwriting and claims handled through pre-negotiated, delegated frameworks designed to reduce processing time and deliver a 10% premium discount. Aon commercial risk CEO Christian Hoffmann said the launch demonstrates the company's commitment to delivering differentiated risk solutions as transaction risks become increasingly complex. The announcement follows Aon's move last month to raise capacity in its Data Center Lifecycle Insurance Programme to $5 billion.
Aon PLCAon launches new $200m Sidecar X facility, expanding its transactional risk insurance offerings and demonstrating product innovation.
