Tokio Marine HCC International, Markel and Apollo are providing insurance capacity for Artio, to power its early-stage carbon credit delivery insurance product. The new cover will be available to businesses worldwide immediately.
Capacity discussions have been led by Gallagher Re’s Green Solutions team and supported by DA Strategy.
Ben Kinder, chief underwriting officer, marine, energy and renewables at TMHCCI said: “At Tokio Marine HCC and across the Tokio Marine Group, we recognise the critical role of insurance in the climate transition. We’re proud to collaborate with innovative companies like Artio, whose unique science-based modelling sets a new standard for delivering better products to buyers.”
Ibrahim Sarwar, Artio co-founder and COO added: “Our capacity partners have shown they share our vision in helping scale the carbon markets and corporations [to] reach net-zero. To achieve this early stage coverage is critical and we need fit-for-purpose datasets built with specialist knowledge to deliver insurance products that truly fit buyer needs.”
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