Specialist carbon insurance provider Kita is now authorised to insure transactions up to £22.5m in limit and up to 10 years in policy tenor.

Kita has grown its product offering over the past 48 months and now offers four insurance policies, including carbon purchase protection cover for delivery risk and carbon political risk cover for political and host country risks. The company also offers a suite of risk assessment and monitoring services that provide insight and analysis to carbon market stakeholders.

“We are delighted to expand our capacity with Chaucer, Munich Re Specialty, RenaissanceRe and Tokio Marine Kiln, said James Kench, MD of insurance, Kita. They are fantastic re/insurance partners who recognise the value of Kita’s market-leading carbon risk expertise and share our firm belief in the value of insurance to support the de-risking of high-quality carbon projects.

"We are seeing more and more carbon market stakeholders embrace the key role that carbon insurance plays. Increasing our line size will help meet demand for risk management solutions that unlock the necessary financing to scale the sector.”

Kita is authorised to insure buyers and investors domiciled in the UK, US, Canada, EEA, Switzerland, Singapore and Australia.

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