Artio Launches Groundbreaking Carbon Credit Insurance

Artio has introduced a pioneering insurance product designed to support early-stage carbon credit projects. This initiative is backed by prominent insurers Tokio Marine HCC International (TMHCCI), Markel, and Apollo, with strategic guidance from DA Strategy. The collaboration aims to mitigate risks for investors, encouraging them to invest confidently in early-phase carbon removal projects.

With the support of these major insurers, Artio’s new offering seeks to enhance market confidence and expand the availability of high-integrity carbon-dioxide removal (CDR) carbon credits. These credits are critical for corporations and governments striving to meet their 2030 climate objectives.

Ibrahim Sarwar, Artio’s Co-Founder & COO, stated: “Our capacity partners are aligned with our vision of scaling carbon markets and enabling corporations to achieve net-zero emissions. Early-stage coverage is crucial, necessitating datasets that are expertly crafted to deliver insurance products that truly meet buyer needs.”

TMHCCI, a division of Tokio Marine HCC, is a global specialty insurer with expertise spanning over 100 classes of insurance across more than 180 countries. As part of the Tokio Marine Group, TMHCCI boasts over 25 years of experience as a leading insurer in renewable energy projects, playing a significant role in the green transition.

Markel, another global specialty insurer, operates within the framework of Markel Group Inc. and brings extensive expertise to the partnership. Meanwhile, Apollo continues to focus on delivering innovative risk solutions in the Lloyd’s market, aligning with the increasing demand for data-driven insurance products in carbon markets.

The collaboration between TMHCCI, Markel, Apollo, and Artio aims to bolster investor confidence in environmental markets, ultimately directing investments towards high-integrity climate solutions.

Ben Kinder, CUO – Marine, Energy, and Renewables at TMHCCI, remarked: “At Tokio Marine HCC and across the wider Tokio Marine Group, we’re committed to leveraging insurance as a pivotal tool in the climate transition. Collaborating with innovative firms like Artio, whose science-based modeling raises the standard for delivering superior products to buyers, is something we’re proud of.”

Bryan Dressler, Director – Head of Warranty & Indemnity at Markel, commented: “We are excited to be a founding capacity provider to Artio as the carbon insurance sector continues to grow and attract significant interest within the broader carbon market. Artio’s innovative product will play a vital role in helping corporate buyers achieve their net-zero targets. We look forward to working closely with the Artio team to seize opportunities in this expanding market.”

DA Strategy, alongside Gallagher Re’s Green Solutions team, which has established a market presence through Lloyd’s Lab Cohort 13, has been at the forefront of Artio’s capacity discussions.