Tokio Marine GX has officially launched as a fully operational underwriting business, offering what it describes as the market’s most comprehensive suite of specialist insurance and risk management solutions for companies on a decarbonisation journey.

The launch follows months of market engagement since TMGX was created in May.

TMGX provides a unified platform for green transition insurance, consolidating expertise from across the Tokio Marine Group. The aim is to give clients a single point of contact for tailored coverage, along with a variety of solutions to accelerate the shift to a low-carbon economy.

The company’s first product range covers 18 areas of risk, including wind and solar power, hydropower, nuclear small modular reactors, hydrogen, carbon capture, battery storage, green vessels and project cargo. It will offer capacity of up to US$500m on any single risk.

Fraser McLachlan, chairman of Tokio Marine GX, commented: "TMGX is built upon extensive renewable energy underwriting experience. With over two decades in the renewable energy market, we understand the risks, the challenges, and the opportunities in this sector. Combined with the full resources and global reach of the Tokio Marine Group, we have both the specialised expertise and financial capacity to support clients through every stage of their green transition."

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