Kita’s Global Expansion
Kita, a Lloyd’s of London coverholder, has announced its expansion into the Australian market. This adds to its existing coverage for buyers and investors in the UK, USA, Canada, Switzerland, Singapore, and the EU/EEA.
Strategy and Market Activity
This expansion is part of the company’s strategy to increase its global presence and support growing carbon market activity, particularly in the APAC region. The move into Australia is designed to meet the increasing demand for carbon insurance solutions in the region, where carbon market activity has been gaining momentum.
Insurance Solutions
Kita’s services aim to address the evolving risks in the carbon markets, offering insurance products that provide safeguards for carbon credit transactions against potential adverse outcomes. These solutions also signal security and quality, which can support investment in the sector by reducing risk.
Key Statements
Kita’s Managing Director of Insurance, James Kench, commented on the expansion, noting: “Australia is a key and growing sector in the carbon markets and Kita is delighted to bring our innovative insurance solutions to the region.”
Broader Strategy
By extending its coverage to Australia, Kita aims to support the growing market participants in the country and beyond. This expansion is part of a broader strategy to help de-risk engagement in global carbon markets and assist with the complexities of carbon trading.
