Kita Announces Strategic Investment from the Tokio Marine Group and Deepened Partnership

Tokio Marine Group has made a strategic investment in carbon insurance specialist Kita through Tokio Marine & Nichido Fire Insurance. The investment deepens an existing relationship under which Kita and Tokio Marine Kiln developed political risk insurance for carbon credit transactions. In Japan, Kita and TMNF are now developing insurance to protect carbon credit buyers from transaction risks, including the non-delivery of credits for which buyers have prepaid. The companies will also explore satellite-based carbon project risk assessments for TMNF customers. TMNF intends to combine these capabilities with Nippon Koei’s field assessments, project design, due diligence and implementation support to establish a one-stop service covering early-stage screening, investment assessment and long-term project delivery. However, the investment amount, ownership stake, product launch date, eligible project types, coverage limits and pricing were not disclosed. The satellite assessment and lifecycle support offerings also remain under consideration rather than commercially available services.
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