Kita expands underwriting capacity amid growing demand for carbon insurance solutions

Lloyd’s of London coverholder Kita has significantly increased its underwriting capacity for 2025, securing £22.5 million capacity for carbon credit risks across the globe.

According to Kita, this new development demonstrates the market’s recognition of insurance as a solution to de-risk high-quality carbon projects, underscoring the confidence of capacity supporters in its ability to underwrite emerging risks in the carbon markets.

This news follows other milestones from the Kita, including its growing jurisdictional expansion, as it now holds authorisation to insure buyers/investors domiciled in the UK, US, Canada, EU/EEA, Switzerland, Singapore and Australia.

James Kench, Managing Director of Insurance at Kita, commented, “We are delighted to expand our capacity with Chaucer, Munich Re Specialty, RenaissanceRe and Tokio Marine Kiln.

“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.”

Natalia Dorfman, CEO and co-founder of Kita, said, “Carbon is a key element of the climate equation. It is incumbent on the insurance industry to step up and create the risk management tools and build the risk transfer capacity that the carbon markets need to meet global climate targets.

“We feel fortunate to be working with capacity providers who share our perspective on insurance as a unique opportunity to enable investment that creates positive impact.”

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