Kita has announced a significant boost to its underwriting capacity for 2025, securing $24.22 million (€22.5 million) to address global carbon credit risks.
Over the last four years, the company has expanded its insurance offerings, introducing four new policies, including the Carbon Purchase Protection Cover (CPPC) for delivery risks and the Carbon Political Risk Cover (CPRC) to address political and host country risks.
In addition to these policies, Kita provides risk assessment and monitoring services to stakeholders in the carbon market.
Kita is authorized to offer insurance coverage to buyers and investors across several jurisdictions, including the UK, US, Canada, EU/EEA, Switzerland, Singapore, and Australia. The company is also looking to expand its reach further in the near future.
James Kench, Kita’s Managing Director of Insurance, emphasized the significance of this expansion, noting that the increase in underwriting capacity will enable the company to meet the rising demand for risk management solutions in the carbon sector.
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