Kita, a carbon insurance specialist and Lloyd’s of London coverholder, has announced the appointment of James Brown, former Head of Natural Resources at Chaucer, as its new Technical Underwriting Advisor.
In his new role, Brown will act as lead consultant for JBAdvice Ltd, with his decades of technical underwriting experience he will help Kita assess risk and develop insurance products for carbon removal projects that involve durable carbon sequestration and underground storage – for example Direct Air Capture (DAC) and Bioenergy with Carbon Capture and Storage (BECCS), as well as emerging solutions in the methane space.
Kita currently offers a range of delivery risk carbon insurance products for carbon credits from ARR projects and Biochar.
Going forward, Brown will help Kita to develop its portfolio so that clients can purchase coverage for credits related to a range of different project types across both nature-based solutions and engineered removal.
Natalia Dorfman, CEO and Co-Founder, Kita, commented: “Providing insurance for highly durable forms of carbon removal, such as DAC and BECCS, has been a high-priority item on Kita’s roadmap since the start.
“James is an extremely skilled technical underwriter and we are confident that his experience and expertise will translate seamlessly into this new insurance market. After recently launching our biochar coverage, we are thrilled that James and JBAdvice Ltd will further accelerate the growth of our insurance offerings into wider forms of carbon removal that will be an essential part of the world’s climate toolkit going forward.”
Brown joins Kita from the Chaucer Group, Kita’s lead capacity provider, where he most recently was Head of Natural Resources Underwriting.
At Chaucer he was responsible for underwriting and managing a global portfolio of Upstream, Midstream, Downstream and Energy Liability business.
Commenting on his appointment, Brown said: “I am very pleased that JBAdvice Ltd has been chosen by Kita to act as their advisor and that I will have the opportunity to work with them in this capacity.
“It is both exciting and interesting to be involved in this sector, helping to support the development of the carbon removal industry, and Kita is playing a pivotal role in this.”
