Reinsurance News
Voluntary Carbon Market
Aon & Future Climate collaboration to strengthen voluntary carbon market
30th August 2024
Global insurance and reinsurance broking group Aon is collaborating with Future Climate to build a robust marketplace in order to support scaling of the voluntary carbon market (VCM) and project development. From what we understand, this will mean that any buyer will be able to take out an insurance policy to protect ... Read the full article
Aquiline leads $7mn seed round for carbon credit insurance start-up, Oka
28th February 2023
Aquiline Technology Growth has led a $7 million seed round towards newly launched start-up, Oka, The Carbon Insurance Company. The funding round also included Firstminute, a founder-led fund focused on climate tech. The funding is aimed at scaling the new platform’s insurance offerings for the carbon credit market. The funding comes as demand ... Read the full article
Biodiversity metrics to enable climate change mitigation: Zurich
27th October 2022
In a recent report, Zurich Insurance Group has observed how biodiversity metrics make for more effective voluntary carbon markets, delving into how this potential can be realised to mitigate and adapt to the effects of climate change. As countries focus on energy security amid Russia’s ongoing invasion of Ukraine, Zurich Insurance ... Read the full article
Aon announces partnership with Revalue Nature
23rd September 2022
Collaboration between re/insurance broker Aon and Revalue Nature, a next-generation developer of nature-based solutions, will scale the development of high-integrity, nature-based carbon credits to meet growing demand, the broker stated in a recent announcement. This partnership aims to encourage innovation in insurance for nature-based solutions and help deliver climate mitigation benefits, ... Read the full article
Howden launches voluntary carbon credit insurance product to help scale market
7th September 2022
International re/insurance broker Howden has announced the launch of a carbon credit invalidation insurance solution to increase confidence in the Voluntary Carbon Market (VCM). To develop the product, Howden worked with the carbon finance business, Respira International, and Nephila Capital, an investment manager specialising in reinsurance risk. They were also advised ... Read the full article
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