Oka has announced its entry into the green credit insurance market with a suite of products designed to de-risk capital flows into climate solutions. The move extends the firm’s expertise beyond carbon markets into wider sustainable finance, aiming to unlock funding for companies and projects supporting the transition to net zero.
The expanded offering includes coverage for transition project financing, green and blue bonds, sustainability-linked loans, repayment guarantees, and lending to climate-focused companies. By broadening its scope, Oka said it aims to lower project costs, scale commercial finance and accelerate adoption of clean technologies.
The firm operates through Lloyd’s syndicate 1922, combining AI-driven underwriting with sector expertise and partner-led policy design. Oka has appointed James Morrell, formerly of HDI Global Specialty SE, Beazley and Brit, as Head of Credit Underwriting to strengthen its capacity. Morrell has more than 18 years’ experience in credit and political risk across banking, corporate and multilateral sectors.
Oka founder and chief executive Chris Slater said: “Expanding our proposition to a broader sustainable finance remit is a natural evolution for Oka. In the renewables market as for the carbon market, there’s an urgent need for long-tenor risk cover to mobilise capital for innovative decarbonisation projects and companies.”
Morrell added: “Clients tell us they need certainty – in both policy terms and carrier expertise. Oka brings both to the table, with a strong track record of supporting developers and lenders in carbon markets. Through our expanded remit, we look forward to helping remove barriers to trade and investment and driving progress towards a sustainable future.”
