Kita expands capacity for carbon credit projects

Carbon insurance provider Kita has expanded its underwriting capacity to £22.5m/€22.5m, backed by Chaucer Group, Munich Re Specialty, RenaissanceRe, and now Tokio Marine Kiln. The move allows Kita to insure carbon credit transactions with policy tenors up to 10 years, reflecting growing demand for risk management in the voluntary carbon market.

Kita’s insurance portfolio includes Carbon Purchase Protection Cover and Carbon Political Risk Cover, with additional services covering risk assessment and monitoring throughout the carbon credit lifecycle. The company is authorised to serve clients in key markets including the UK, US, Canada, EU/EEA, Switzerland, Singapore, and Australia.

Founded in 2021, Kita has raised a total of $5.3 million across two funding rounds led by investors such as Octopus Ventures, Carbon13, and Chaucer Group.