State Aviation Enterprise (SAE) “Ukraine” (Boryspil, Kyiv Oblast) announced on May 18 its intention to enter into a contract with PJSC “Ukrainian Fire and Insurance Company” for civil aviation risk insurance.
According to the Prozorro electronic public procurement system, the total expected cost of the services is 37.669 million UAH, while the bid submitted by the company—the sole tender participant—is 37.345 million UAH.
UPSK PJSC was registered in 1993. It specializes, in particular, in motor vehicle insurance, financial risk insurance, travel insurance, property insurance, cargo insurance, and baggage insurance. According to the company, Alexander Mikhailov owns 99.999% of the insurer’s shares. According to the National Bank of Ukraine (NBU), the company ranks 16th among Ukraine’s non-life insurers in terms of premiums collected in 2025.
Oschadbank has provided Elektrika Ukraine LLC with EUR 23.6 million in long-term project financing for the construction of a 50 MW battery energy storage system (BESS) with a capacity of 131.2 MWh, the bank announced.
As noted in its press release on Monday, a key feature of the deal is the inclusion of international insurance coverage involving Lloyd’s syndicates.
“For Oschadbank, this project marks the first experience in structuring energy financing with international insurance coverage, specifically involving Lloyd’s syndicates. The fact that international insurance companies are willing to participate in the implementation of energy projects in Ukraine amid the war creates potential for a significant expansion of the energy sector’s development and the implementation of complex infrastructure projects,” commented Serhiy Chernikov, Director of Oschadbank’s Corporate Business Department.
He noted that during the full-scale war, the bank has already concluded deals worth more than UAH 7.4 billion in the corporate business segment to finance the energy sector and remains a leader in this area.
“We are sincerely grateful to Oschadbank for its trust, professionalism, and willingness to support Ukraine’s energy sector even during the most challenging times. Energy storage systems are not just an infrastructure asset, but the foundation of Ukraine’s energy security and the basis of the energy system of the future,” noted Maksym Pyshny, Director of Elektrika Ukraine LLC.
According to him, the company plans to implement a number of additional projects in Ukraine’s energy infrastructure and looks forward to further cooperation with Oschadbank.
As for the BESS project itself, according to the bank, the financing covers approximately 70% of its cost and is aimed at increasing the flexibility and resilience of Ukraine’s energy system amid limited generation and high loads caused by the consequences of the war.
It is specified that the project is being implemented under a long-term contract with NPC “Ukrenergo” and involves the provision of automatic frequency restoration reserve services—one of the main mechanisms for balancing the power system.
The general meeting of shareholders of KD Life Insurance Company (KD Life) on April 29, 2026, approved the payment of dividends for 2025 in the amount of UAH 3.171 million, the company reported in the NSSMC’s disclosure system.
As noted, the payment will be made at a rate of UAH 88.054 per share. It will be carried out within six months of the date of this decision.
According to the National Bank of Ukraine (NBU), KD Life collected UAH 81.03 million in insurance premiums in 2025, made UAH 14.4 million in payouts, and reported a net profit of UAH 3.338 million.
KD Life is a Ukrainian company founded in 2007 by the KD Group holding company.
The KD Group holding company is a leader in the Eastern European financial market, with nearly 130 years of experience in life and risk insurance, financial management, and investment funds. Currently, the company’s services are provided by over 3,000 consultants throughout Ukraine.
On April 18, Motor Sich JSC (Zaporizhzhia) canceled a tender for voluntary liability insurance for members of the supervisory board due to a lack of bids. According to the Prozorro e-procurement system, the tender was announced on April 8, with the expected cost of the services amounting to UAH 1.8 million.
Motor Sich is a leading Ukrainian enterprise that designs, manufactures, and repairs aircraft engines for airplanes and helicopters, as well as gas turbine units. It is a strategic engineering facility. In 2022, the company came under state control following a seizure of shares related to an attempted sale to Chinese investors.
On April 20, PJSC Ukrgazvydobuvannya (Kyiv) announced its intention to enter into an agreement with Guardian Insurance Company for risk insurance services related to the commercial development of oil and gas fields. According to the Prozorro electronic public procurement system, the expected cost of the services was 548,800 UAH, and the company’s bid was 501,499 UAH.
The insurance company “VUSO” also participated in the tender with a bid that was 1 hryvnia higher.
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On April 16, the municipal enterprise “Vinnytsia Transport Company” announced a tender for the procurement of liability insurance services for carriers covering harm caused to the life and health of passengers and damage to luggage during transportation by road (with more than 18 passengers) and on urban electric transport.
According to a notice on the Prozorro e-procurement system, the estimated cost of the services is 3.109 million UAH.
The deadline for submitting bids is April 24.
