MS Amlin partners with Kita

MS Amlin has partnered with Kita to support the launch of a non payment insurance product covering counterparty credit risk in carbon and natural capital projects.

Under the arrangement, MS Amlin will provide lead capacity for Kita’s Lloyd’s coverholder offering, which protects lenders and investors against non payment across project finance, prepayment facilities, offtake receivables, and other carbon credit related exposures.

The coverage shifts counterparty credit risk to an A rated insurance balance sheet, helping reduce loss given default and support capital relief for banks. It can be used on individual projects or portfolios across multiple jurisdictions, including pay on delivery, prepayment, project finance, and warehousing structures, and can be aligned with verified delivery and sustainability frameworks.

“We’re proud to be the lead capacity provider, which reflects our belief in the role insurers can play in unlocking capital for climate and nature -based initiatives, an area we’ve made significant inroads into. The transition to a low carbon economy depends on the ability to finance credible projects and grow them at scale – yet many stall due to counterparty credit risk. This solution helps overcome that challenge and enables banks to deploy capital with greater confidence, especially in emerging markets.” – Louise Scott, Political Risk Underwriter at MS Amlin.

Founded in 2021, Kita has raised over $5 million and operates in the same carbon risk and insurance ecosystem as Artio, CarbonPool and Oka.