Reinsurance News
carbon
Carbon promotes Rob Crocker and Julie Gallagher to senior underwriting roles
21st April 2026
Carbon has announced the promotions of Rob Crocker to Chief Underwriting Officer and Julie Gallagher to the role of Group Underwriting Management Director. In his new role, Crocker will oversee the firm’s consortia and its US strategy, while continuing as an Active Underwriter for Carbon Syndicate 4747. He brings more than 30 ... Read the full article
1089 collaborates with Price Forbes & Oka to launch carbon asset insurance framework
27th February 2026
1089 Inc., a carbon asset infrastructure company, has collaborated with Price Forbes and Oka to introduce a carbon asset insurance framework for the transportation and energy sectors. The framework is designed to bring institutional safeguards, disciplined financial architecture, and verifiable data integrity to carbon markets. It offers defined risk coverage for 1089’s ... Read the full article
Insurance as a key enabler of carbon capture and storage projects: Marsh
29th January 2026
Insurance is seen as a key enabler of carbon capture and storage (CCS) projects, with nearly two-thirds of leaders relying heavily on insurance to manage risks, according to a recent analysis by Marsh Risk, a business of Marsh. The analysis draws on insights from a survey of 504 senior UK-based CCS ... Read the full article
CFC gains approval to offer carbon credit insurance for CORSIA scheme
15th October 2025
CFC, an insurance provider with a focus on carbon-related risks, has announced its approval as one of the first private insurers authorised to issue policies that support the eligibility of carbon credits under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). CORSIA, developed by the International Civil Aviation Organisation ... Read the full article
Tokio Marine GX launched to further promote green transformation
28th May 2025
Tokio Marine Holdings, Inc. has launched Tokio Marine GX, a new international offering aimed at advancing green transformation, founded upon GCube, an underwriter of renewable energy products. The launch furthers the Group’s efforts toward carbon neutrality and the transition to a decarbonised society. Tokio Marine Group aims to contribute to social development ... Read the full article
Kita expands active risk monitoring across all stages of the carbon lifecycle
12th December 2024
Kita, the carbon insurance specialist and Lloyd’s of London coverholder, has launched its full-spectrum Active Risk Monitoring services for the carbon markets. The firm has been providing these services since March 2024 to select stakeholders and is now broadening its reach to a wider span of the market. Kita will now be ... Read the full article
Oka unveils lineslip to bring insurance capacity to global carbon markets
24th October 2024
Oka, The Carbon Insurance Company (Oka) has introduced a lineslip for its innovative Article 6 insurance solution, Corresponding Adjustment Protect. Corresponding Adjustment Protect is the first-ever policy designed to protect voluntary carbon credits traded in compliance markets. It safeguards project developers and their clients against the risk of Article 6 revocation ... Read the full article
Swiss Re signs 70,000 tonne Biochar Carbon Removal deal with Carbonfuture
19th June 2024
Reinsurance giant Swiss Re and carbon removal solutions provider, Carbonfuture, have signed a seven-year contract, which will see Swiss Re supply a minimum of 70,000 tonnes of Biochar Carbon Removal (BCR) credits from Carbonfuture partner, Exomad Green’s new Riberalta facility in Bolivia. Readers will be aware that this is not the ... Read the full article
AXIS reports climate change driving energy transition amid rising risks
17th June 2024
AXIS Capital Holdings Limited, a specialty insurance company, has released a new report titled "Navigating Risk in the Energy Transition", based on independent research which examines how various risks, including climate change, economic uncertainty, and investor hesitancy around tech innovation, are impacting the energy sector’s transition. Climate change is a significant ... Read the full article
CFC launches Carbon Cancellation Insurance
13th June 2024
CFC, a specialist insurance provider in emerging risks and cyber insurance, has launched its second insurance product for buyers of voluntary carbon credits. The new Carbon Cancellation Insurance safeguards against financial and management risks if purchased carbon credits are cancelled or invalidated due to political risks such as regulatory changes or ... Read the full article
Oka and Clima partner to introduce insured carbon credits in Australia
10th May 2024
US carbon-credit insurance carrier, Oka, has partnered with Australia's Clima, a carbon solutions platform, to roll out insured carbon credits in the country via broker PSC Paragon (Australia). Protected by Oka's Carbon Protect™ insurance solution, the premium credits will be made available to corporations through credit provider Clima and PSC Paragon. Clima ... Read the full article
CFC enters carbon insurance market with new product
19th March 2024
Specialist insurance provider CFC has announced its entry into the carbon insurance market with the launch of a "groundbreaking" new product. CFC’s new Carbon Delivery Insurance is reportedly the first to cover both the physical and political risks faced by businesses purchasing voluntary carbon credits on a forward basis. According to CFC, ... Read the full article
Aon seeds AXA IM carbon transition bond fund
14th February 2024
In a strategic move towards bolstering sustainable investment portfolios, Aon seeds AXA Investment Managers (AXA IM) carbon transition bond fund aimed at facilitating the transition to net zero emissions. The initiative has been jumpstarted with a significant £127 million seed capital infusion from Aon, a prominent professional services and investment consulting ... Read the full article
Howden unveils carbon capture and storage insurance facility led by SCOR’s Lloyd’s syndicate
29th January 2024
Global insurance broker Howden's carbon capture and storage insurance facility aims to unlock crucial investment to support the global transition to net zero and is the second innovative solution from the firm designed to support the growth of the carbon market. This first-of-its-kind insurance facility provides cover for the sudden or ... Read the full article
Kita expands presence to Switzerland & Singapore
22nd January 2024
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 ... Read the full article
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