Aon plc (NYSE: AON) has launched Sidecar X, an expansion of its existing Sidecar platform designed to connect insurance capital with transactional risk, according to a company press release. The platform offers up to $200 million in capacity and covers representations and warranties as well as tax insurance products.

Sidecar X is available exclusively to Aon clients in the U.S., Canada, U.K., European Economic Area, and Asia. The platform operates through pre-negotiated, delegated underwriting and claims frameworks and includes a 10% premium discount.

Christian Hoffmann, CEO of Commercial Risk at Aon, said: "As transaction risks become increasingly complex, our clients need greater clarity and solutions that help them navigate an evolving market."

The platform uses Aon's proprietary data and analytics to support underwriting decisions for participating insurers and reinsurers. Martyn Chattey, Chief Broking Officer, Americas at Aon, stated: "Success will increasingly depend on connecting the right capital with the right portfolio. Sidecar X represents the next evolution of that model, enabling insurers to deploy capital with greater confidence while helping clients execute complex transactions with conviction."

Simon Tesselment, Chief Broking Officer, EMEA at Aon, added: "This evolved platform brings together dedicated capacity with Aon's global broking expertise to help clients secure coverage more efficiently for the full spectrum of transactions, no matter how large or complex."