Kita
Carbon insurance and risk advisory for the voluntary carbon market and natural capital asset classes.
Overview
Kita is a carbon insurance MGA and Lloyd's of London Coverholder providing insurance products and risk advisory services to buyers, sellers, and developers in the voluntary carbon market. The company holds an investment-grade credit rating and is regulated by the UK Financial Conduct Authority (FCA Firm Reference Number 998549).
Kita underwrites a range of carbon-specific insurance programs through a panel of Lloyd's market capacity providers including Chaucer, Munich Re Specialty, RenaissanceRe, Tokio Marine Kiln, and MS Amlin. Its products address distinct risks in carbon transactions, including non-delivery of purchased credits, project development failures, counterparty default, and political risk. Kita is the first insurer to offer claims settlement in either replacement carbon credits or financial compensation.
Founded in December 2021, Kita secured GBP 4M in seed funding in February 2023 and expanded its underwriting capacity to GBP 22.5M in April 2025. The company has grown its product suite to include coverage for soil organic carbon (SOC) projects and buffer pool management, and extended its geographic footprint as part of its 2025 growth phase.
Products & Services
Carbon Purchase Protection (CPP)
Insurance covering buyers of carbon credits against non-delivery by the project or registry.
Key Features
- Non-delivery of purchased carbon credits
- Registry or project failure
- Claims payable in replacement credits or financial compensation
Target Users: Corporate buyers of voluntary carbon credits
Distribution: Direct and through carbon market brokers
Non-Payment Insurance
Reduces financing risks for carbon project developers by insuring against buyer default. Launched January 2026.
Key Features
- Buyer non-payment or default
- Revenue protection for project pipelines
- Structured to facilitate project financing
Target Users: Carbon project developers and financiers
Distribution: Direct and through project finance intermediaries
Counterparty Insurance
Protection against counterparty credit risk in carbon transactions.
Key Features
- Counterparty default on carbon agreements
- Credit risk mitigation in OTC transactions
Target Users: Carbon traders, corporates, and financial institutions
Distribution: Direct
Political Risk Insurance
Coverage for political or regulatory risks that could impair carbon project operations or credit delivery.
Key Features
- Government expropriation or interference
- Regulatory changes affecting project viability
- Cross-border political risk
Target Users: Carbon project developers operating in higher-risk jurisdictions
Distribution: Direct and wholesale
Soil Organic Carbon (SOC) Insurance
De-risks investments in soil carbon projects. Launched September 2025.
Key Features
- SOC measurement and verification risk
- Project delivery risk for soil-based carbon sequestration
Target Users: Agricultural carbon project developers and investors
Distribution: Direct
Buffer as a Service (BaaS)
Technology-enabled risk advisory service for carbon standards buffer pool management, offered in partnership with ERS.
Key Features
- Buffer pool adequacy analysis
- Risk modelling for portfolio-level carbon project buffers
Target Users: Carbon standards bodies, registries, and large project portfolios
Distribution: Direct advisory engagement
At a Glance
- Founded
- 2021
- Headquarters
- London, United Kingdom
- Employees
- 51-200
Category & Focus
Links
Last updated: 2026-05-17