Kita, the Lloyd’s of London coverholder and specialist carbon insurance company, has expanded to Switzerland and Singapore, in addition to existing coverage for buyer/investors domiciled in the UK, US, and Canada.
This move is part of the firm’s ongoing global expansion strategy, which will see the business adding additional jurisdictions in the future.
The company offers a bespoke portfolio of carbon insurance products.
With reduced risk in carbon transactions, carbon solutions can access more substantial flows of consistent capital to scale their impact faster.
It is very clear, that this expansion marks another major step in Kita’s ongoing strategy to help de-risk investment by companies based in countries with impactful and active carbon market engagement.
This announcement follows on shortly after Kita and PYREG – a German NetZero Tech company and specialist for high-tech biochar carbon removal – established a memorandum of understanding (MOU) on the development of the world’s largest durable biochar carbon removal project pool.
Further, Kita, working closely with lead capacity provider Chaucer, also recently introduced the ability to pay insurance claims in replacement carbon credits.
