Lloyd’s coverholder Kita will start offering carbon insurance products in Australia.

Its MD of insurance, James Kench, says Australia is a “key and growing sector in the carbon market and Kita is delighted to bring our innovative insurance solutions to the region”.

Kita says the move increases its presence in Asia-Pacific, a region where carbon market activity is gaining momentum. 

It already offers carbon solutions for clients domiciled in the UK, the US, Canada, Switzerland, Singapore, and the EU and European Economic Area.

Kita’s products are underwritten by Chaucer Group, Munich Re Innovation Syndicate, RenaissanceRe and Tokio Marine Kiln.