Kita’s Strategic Expansion into the Australian Market
Kita, recognized as a Lloyd’s of London coverholder, has announced a significant expansion into the Australian market. This move complements its existing insurance coverage available to buyers and investors across regions including the UK, USA, Canada, Switzerland, Singapore, and the EU/EEA. The expansion underscores the company’s commitment to enhancing its global footprint and supporting the burgeoning carbon market activities, especially in the APAC region.
With the Australian carbon market gaining substantial momentum, Kita’s entry is strategically timed to address the escalating demand for robust carbon insurance solutions. These services are designed to mitigate the evolving risks inherent in carbon markets, offering insurance products that safeguard carbon credit transactions against potential adverse outcomes. By providing such solutions, Kita not only signals security and quality but also facilitates increased investment by reducing associated risks.
James Kench, Kita’s Managing Director of Insurance, remarked on this development, stating: “Australia is a key and growing sector in the carbon markets, and Kita is thrilled to introduce our innovative insurance solutions to the region.” Through this expansion, Kita aims to support the burgeoning number of market participants within Australia and beyond, as part of a larger strategy to de-risk global engagement in carbon markets and simplify the complexities associated with carbon trading.
