Tokio Marine HCC International (TMHCCI) is joined by Markel and Apollo in announcing they are providing insurance capacity for Artio, to power its data-driven early-stage carbon credit delivery insurance product. The new, innovative cover will be available to businesses globally with immediate effect.
Artio’s data driven insurance products enable investors to confidently back early-stage carbon removal projects by providing risk mitigation from day one. This increased security aims to accelerate market growth and boost the supply of high-integrity carbon-dioxide removal (CDR) carbon credits, critical for helping corporations and governments meet their 2030 climate commitments.
TMHCCI, a member of the Tokio Marine HCC group of companies based in Houston, Texas, is a leading insurer, combining deep technical and analytical expertise with a global portfolio spanning over 100 classes of specialty insurance in 180+ countries. As a part of Tokio Marine Group, a leading insurer with a market capitalization of $70 billion as of December 31, 2024, TMHCC has a successful track record of facilitating the green transition, including being one of the largest renewables insurers in the world, with more than 25 years of pioneering experience in this space.
Markel is a leading global specialty insurer with deep technical and analytical expertise. It is the insurance operations within Markel Group Inc. (NYSE: MKL), whose global reach extends to 63 offices in 16 countries, enabling them to deliver unique insights and financial stability to support client success. Founded in 1930, Markel has evolved into a Fortune 500 company, reflecting its commitment to innovation and excellence.
Apollo continues to drive innovation in the Lloyd’s market, with a focus on tailored risk solutions for complex and evolving sectors. Their forward-thinking approach aligns with the need for scalable, data-driven insurance products in carbon markets, ensuring that climate-related risks are met with robust, flexible coverage.
Together, TMHCCI, Markel & Apollo are working with Artio to shape the future of climate and carbon credit insurance, building confidence in environmental markets and accelerating investment in high-integrity climate solutions.
With this partnership Artio are launching early-stage carbon credit delivery coverage.
Ben Kinder, Chief Underwriting Officer – Marine, Energy and Renewables at TMHCCI said
“At Tokio Marine HCC and across the Tokio Marine Group, we recognise the critical role of insurance in the climate transition. We’re proud to collaborate with innovative companies like Artio, whose unique science-based modelling sets a new standard for delivering better products to buyers.”
Bryan Dressler, Director – Head of Warranty & Indemnity at Markel, said
“We’re thrilled to be a founding capacity provider to Artio, as the carbon insurance space continues to expand and attract significant interest within the broader carbon market. Artio’s innovative product will be a key enabler in helping corporate buyers to achieve their net-zero targets. We’re eager to work closely with the Artio team to facilitate the opportunity in this growing market.”
Ibrahim Sarwar, Co-Founder & COO said
“Our capacity partners have shown they share our vision in helping scale the carbon markets and corporations reach net-zero. To achieve this early stage coverage is critical and we need fit-for-purpose datasets built with specialist knowledge to deliver insurance products that truly fit buyer needs.”
Artio’s capacity discussions have been led by Gallagher Re’s innovative Green Solutions team, bolstered by the company’s presence in the market through Lloyd’s Lab Cohort 13 and supported by DA Strategy.
The founders of Artio bring together leading industry expertise and passion to the company’s mission. Bilal Hussain, CEO, has extensive experience assessing carbon and climate projects from his time at Sylvera and Bloomberg. Ibrahim Sarwar, COO, has a robust background in early-stage project finance modelling and risk management from his time at Deloitte.
