Tokio Marine HCC International (TMHCCI), alongside Markel and Apollo, has announced its support for Artio’s early-stage carbon credit delivery insurance. The initiative aims to mitigate risks associated with carbon removal projects, providing businesses and investors with greater confidence in financing early-stage climate solutions.
Artio’s insurance coverage is designed to enhance market trust in carbon dioxide removal (CDR) credits, which are critical for meeting global net-zero targets. By reducing financial uncertainty, the product seeks to encourage investment in carbon sequestration initiatives and support the expansion of high-integrity carbon credit markets.
Ben Kinder, Chief Underwriting Officer – Marine, Energy and Renewables at TMHCCI, emphasised the role of insurance in the evolving carbon market: “At Tokio Marine HCC and across the Tokio Marine Group, we recognise the critical role of insurance in the climate transition. We’re proud to collaborate with innovative companies like Artio, whose unique science-based modelling sets a new standard for delivering better products to buyers.”
The insurers involved bring expertise in risk management and specialty insurance. TMHCCI has a long-standing presence in renewable energy insurance, while Markel operates across multiple markets with experience in underwriting complex risks. Apollo, as a Lloyd’s market participant, provides customised risk solutions for emerging industries, including climate-related insurance products.
Bryan Dressler, Director – Head of Warranty & Indemnity at Markel, commented on the expansion of insurance offerings in carbon markets: “We’re thrilled to be a founding capacity provider to Artio, as the carbon insurance space continues to expand and attract significant interest within the broader carbon market. Artio’s innovative product will be a key enabler in helping corporate buyers to achieve their net-zero targets. We’re eager to work closely with the Artio team to facilitate the opportunity in this growing market.”
Artio’s insurance model incorporates data analysis and market-driven insights to develop tailored coverage for early-stage carbon credit projects. The product has been developed in collaboration with Gallagher Re’s Green Solutions team, with additional input from Lloyd’s Lab Cohort 13 and DA Strategy.
Ibrahim Sarwar, Co-Founder & COO of Artio, highlighted the importance of precise risk assessment in expanding carbon markets: “Our capacity partners have shown they share our vision in helping scale the carbon markets and corporations reach net-zero. To achieve this, early-stage coverage is critical, and we need fit-for-purpose datasets built with specialist knowledge to deliver insurance products that truly fit buyer needs.”
The collaboration aims to improve confidence in carbon credit projects, offering a risk mitigation framework to encourage further investment in climate-focused initiatives.
