Willis launches carbon capture insurance solution

Willis, a business of WTW , launched a Carbon Capture and Storage (CCS) insurance solution designed to support developers and operators across the CO₂ capture, transportation, and storage value chain.

The integrated offering combines energy, marine, liability, and environmental insurance protections tailored to CCS projects and includes support for FEED phase risk engineering, contractual risk allocation, lender and regulatory requirements, and carbon credit obligations.

Coverage includes property damage, business interruption, leakage response and remediation, third party liability, plume migration, and protection against non delivery penalties tied to carbon credit and offtake agreements.

“We are delighted to announce the launch of our CCS solution, designed to support the next phase of carbon capture and storage deployment. Carbon capture and storage projects face first of a kind risks, complex contractual structures, and rapidly evolving regulatory requirements. Effective risk management is critical to building bankability and long term resilience.” – Marie Reiter, head of global broking strategy, natural resources at Willis.