Willis, a WTW business, has announced the launch of a new Carbon Capture and Storage (CCS) insurance solution.
The fully integrated insurance suite has been designed specifically to support developers and operators across the entire carbon dioxide capture, transportation, and storage value chain.
According to the announcement, the new solution adapts upstream energy, marine, liability and environmental protections to the risks of CCS operations.
Built on support operators, investors, and emitters at every stage of a project lifecycle, the coverage aims to provide bankability while aligning closely with global regulatory and carbon credit requirements.
The service offering extends beyond conventional insurance to provide front-end engineering design (FEED) phase risk engineering support, best-practice knowledge sharing, contractual risk allocation advice, and lender and regulatory support.
Coverage includes comprehensive end‑to‑end risk across the CCS value chain, from construction and commissioning through long‑term operations.
It also provides protection for physical assets and revenues, including property damage, business interruption, and value‑chain downtime, while offering certainty of risk transfer for complex CCS exposures, involving first‑of‑a‑kind technologies.
Additionally, the suite features robust liability protections that address third-party claims, plume migration, terminal operations, and off‑spec CO₂ risks.
It also includes leakage event response and remediation cover, funding corrective measures following unintended CO₂ releases, as well as financial protection under carbon credit and offtake regimes, mitigating exposure to non‑delivery penalties and mandatory carbon market obligations.
Marie Reiter, head of global broking strategy, natural resources at Willis, said: “We are delighted to announce the launch of our CCS solution, designed to support the next phase of carbon capture and storage deployment.
“Carbon capture and storage projects face first‑of‑a‑kind risks, complex contractual structures, and rapidly evolving regulatory requirements. Effective risk management is critical to building bankability and long‑term resilience.”
