Kita boosts underwriting capacity with $24m for carbon risks

It expanded its product offerings to include four insurance policies in the past four years.

Kita has announced a major increase in its underwriting capacity for 2025, securing $24.22m (€22.5m) to cover carbon credit risks globally.

Over the past four years, Kita has expanded its product offerings to include four insurance policies, such as Carbon Purchase Protection Cover (CPPC) for delivery risk and Carbon Political Risk Cover (CPRC) for political and host country risks. 

The company also provides risk assessment and monitoring services for carbon market stakeholders. 

Kita is authorised to insure buyers and investors across multiple jurisdictions, including the UK, US, Canada, EU/EEA, Switzerland, Singapore, and Australia, with plans for further expansion.

Managing director of Insurance, James Kench, emphasised the importance of this expansion, stating that increasing underwriting capacity will help meet growing demand for risk management solutions in the carbon sector.