Artio Partners with Tokio Marine HCC, Markel, and Apollo to Launch Innovative Carbon Insurance
Artio, an innovative insurance provider focused on climate solutions, has recently unveiled a groundbreaking carbon credit delivery insurance product. This new offering, supported by top insurers such as Tokio Marine HCC International (TMHCCI), Markel, and Apollo, aims to revolutionize the early-stage carbon credit market by providing businesses worldwide with essential risk mitigation tools.
Innovative Insurance Solution for Carbon Removal Projects
The launch of Artio’s insurance product addresses a pressing need in the carbon credit sector. By offering protection for early-stage carbon dioxide removal (CDR) projects, Artio aims to bolster investor confidence and expedite the supply of high-integrity carbon credits. These credits are vital for companies and governments working to meet their climate commitments by 2030.
Key Benefits of Artio’s Carbon Credit Insurance
- Risk Mitigation: Provides coverage for early-stage carbon removal initiatives.
- Investor Confidence: Enhances trust in the carbon credit market, encouraging investment.
- Global Reach: Available to businesses around the world, facilitating market expansion.
Support from Leading Insurers
Artio’s launch has garnered support from notable insurance leaders. TMHCCI is recognized globally for its extensive portfolio across over 100 specialty insurance classes in more than 180 countries. The company is part of the Tokio Marine Group, which boasts a market capitalization of $70 billion as of December 31, 2024, and has a rich history of supporting renewable energy and sustainable initiatives.
Markel, a Fortune 500 company, brings its analytical expertise and financial stability to the partnership. With a presence in 16 countries, Markel aims to help clients navigate the complexities of emerging risks in the carbon space.
Apollo, known for its specialized risk solutions in the Lloyd’s market, aligns its commitment to data-driven insurance with the evolving needs of the carbon market, ensuring scalable solutions for climate-related challenges.
Artio’s Vision for a Sustainable Future
Artio’s new insurance product is designed to provide crucial coverage that empowers investors to support carbon removal projects confidently. By mitigating risks from the start, this innovative offering supports the credibility and growth of the carbon credit market.
Additionally, Gallagher Re’s Green Solutions team has played a significant role in strengthening Artio’s capacity discussions, while the company has also received support from DA Strategy and participated in Lloyd’s Lab Cohort 13.
Expert Leadership Behind Artio
Artio’s founding team brings a wealth of experience to the table. CEO Bilal Hussain has a strong background in assessing carbon and climate projects from his previous roles at Sylvera and Bloomberg. COO Ibrahim Sarwar contributes expertise in early-stage project finance modeling and risk management from his tenure at Deloitte.
Industry Insights
Ben Kinder, Chief Underwriting Officer at Tokio Marine HCC, emphasized the importance of insurance in the climate transition, stating, “We’re proud to collaborate with innovative companies like Artio, whose unique science-based modeling sets a new standard for delivering better products to buyers.”
Markel’s Bryan Dressler expressed enthusiasm about being a founding capacity provider for Artio, highlighting the growing interest in the carbon insurance space and its potential to help corporate buyers achieve their net-zero targets.
Ibrahim Sarwar noted, “Our capacity partners share our vision of scaling the carbon markets and enabling corporations to reach net-zero. Early-stage coverage is critical, and we require fit-for-purpose datasets built with specialist knowledge to deliver insurance products that truly meet buyer needs.”
For further insights into the evolving carbon credit market and the role of insurance, visit Artio’s official website or explore credible resources like the World Business Council for Sustainable Development.
