Tokio Marine Invests in Kita to Expand Partnership
UK-based carbon insurance company Kita has received an undisclosed strategic investment from Japan's Tokio Marine Group, expanding their existing partnership. The collaboration aims to develop risk-transfer tools and diligence capabilities for the voluntary carbon market. Kita will work with Tokio Marine & Nichido Fire Insurance (TMNF) on new offerings such as transaction insurance for carbon credit buyers and satellite-based project assessments. These services are intended to provide a comprehensive solution across all stages of carbon projects, from initial screening through implementation and monitoring. The partnership also involves Nippon Koei, an engineering consultancy within the Tokio Marine Group, which will support TMNF customers with field assessments and technical due diligence.
Topics: carbon insurance investment strategic partnership voluntary carbon market