Reinsurance News
Kita
Kita expands underwriting capacity amid growing demand for carbon insurance solutions
26th March 2025
Lloyd’s of London coverholder Kita has significantly increased its underwriting capacity for 2025, securing £22.5 million capacity for carbon credit risks across the globe. According to Kita, this new development demonstrates the market's recognition of insurance as a solution to de-risk high-quality carbon projects, underscoring the confidence of capacity supporters in ... Read the full article
Kita expands carbon insurance solutions to Australia, enhancing global coverage
12th March 2025
Kita, a Lloyd's of London coverholder, has announced its expansion into the Australian market, adding to its existing coverage for buyers and investors in the UK, USA, Canada, Switzerland, Singapore, and the EU/EEA. This expansion is part of the company’s strategy to increase its global presence and support growing carbon market ... 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
Kita provides insurance for Marex’s investment in Mangrove Carbon Credit project
18th September 2024
Kita, a carbon insurance specialist and Lloyds of London Coverholder, has announced the expansion of its insurance services to support Marex Group Plc's investment in the Global Mangrove Trust’s (GMT) mangrove restoration project in North Sumatra. The insurance capacity for Kita is provided by the prominent specialty (re)insurance group Chaucer. The ... Read the full article
TMK partners with Kita to provide Political Risk insurance for carbon credit projects
15th July 2024
Tokio Marine Kiln (TMK) has partnered with carbon credit insurance specialist Kita to provide Political Risk insurance for developers of/investors in, carbon credit projects. Led by Ed Parker, Head of Special Risks at TMK, the new product will reportedly insure project developers and their investors against risks such as confiscation, nationalisation, ... Read the full article
Kita and Wilder Carbon reveal “first ever” policy for buffer pool of carbon credits
18th June 2024
Specialist carbon insurance company, Kita, and UK-based carbon standard, Wilder Carbon, have announced a "first ever" insurance policy for a buffer pool, with capacity provided by specialist (re)insurer, Chaucer. According to Wilder Carbon, the buffer is a central pool of carbon credits to which each project developer is required to contribute ... Read the full article
Kita expands carbon credit insurance to EU and EEA markets
13th June 2024
Kita, a carbon insurance specialist and Lloyd’s of London coverholder, has announced it will now offer carbon credit delivery risk insurance to EU & EEA insureds, complementing existing coverage for buyers and investors in the UK, USA, Canada, Singapore, and Switzerland. To access this key market, Kita has partnered with Pro ... Read the full article
Insurer Kita to help manage OxCarbon’s buffer pool
15th March 2024
Specialist carbon insurance company, Kita has agreed to provide advanced management of non-for-profit and UK-based carbon standard, OxCarbon’s buffer pool. Through its ‘Buffer as a Service' product, Kita will reduce risk for OxCarbon by employing active risk management for the OxCarbon buffer, with project-specific risk assessment based on insurance-driven technical underwriting ... 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
PYREG & Kita partner on innovative carbon insurance structure
27th November 2023
PYREG, a German NetZero Tech company and specialist for high-tech biochar carbon removal and Kita, the global carbon insurance specialist, have established a memorandum of understanding (MOU) on the development of the world’s largest durable biochar carbon removal project pool. Biochar is able to remove carbon from the atmosphere for thousands ... Read the full article
Lloyd’s coverholder Kita names James Brown Technical Underwriting Advisor
14th November 2023
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 ... Read the full article
Kita works with Chaucer on carbon credit claims
16th October 2023
Lloyd's coverholder and carbon insurance specialist, Kita, working closely with lead capacity provider Chaucer, has introduced the ability to pay insurance claims in replacement carbon credits. Clients of its flagship Carbon Purchase Protection Cover insurance now have the option to receive insurance claims in carbon credits. The company has secured Letters of ... Read the full article
Kita partners with Puro.earth to insure biochar carbon credit transactions
6th October 2023
Kita, a carbon insurance specialist and Lloyd’s of London coverholder, has entered into a partnership with ICROA-backed carbon standard, Puro.earth, to offer biochar insurance exclusively to projects certified under the Puro Standard. According to Kita, this partnership with Puro.earth will increase the firm's ability to manage carbon credit delivery risk for high-quality ... Read the full article
OxCarbon and Kita collaborate to drive financial investment in climate impact projects
22nd June 2023
OxCarbon, a not-for-profit spin-out from the University of Oxford, and Kita, the carbon insurance specialist, have signed a Memorandum of Understanding (MOU) aimed at facilitating increased financial investment in climate impact projects. The partnership focuses on employing scientific and data-driven approaches to scale up investments and develop viable insurance products for ... Read the full article
Lloyd’s coverholder Kita names James Kench Head of Insurance
10th March 2023
Carbon insurance specialist Kita has hired (re)insurance & climate risk executive James Kench as Head of Insurance following an oversubscribed £4m seed funding round led by Octopus Ventures, alongside existing investors Insurtech Gateway, Carbon13 and Climate VC, and new investors Chaucer Group and Hartree Partners. In the new role, Kench is ... Read the full article
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