Tokio Marine GX debuts as underwriting platform for decarbonisation

It will provide up to $500m capacity per risk.

Tokio Marine GX (TMGX) has launched as a fully operational underwriting business, offering a comprehensive range of insurance and risk management solutions for businesses pursuing decarbonisation.

Created in May, TMGX has engaged with brokers, clients, reinsurers and partners to refine its offering, generating higher-than-expected demand, including from sectors outside its original target scope.

The platform consolidates Tokio Marine Group’s expertise into a single point of access for clients and offers coverage across 18 areas of green transition risk, including wind, solar, hydropower, battery storage, carbon capture, hydrogen, decommissioning, credit risks and general liability.

TMGX will provide up to $500m capacity per risk and aims to act as a lead underwriter. The company plans to expand its product range as demand grows and new green technologies emerge.