Kita

Kita is a specialized insurance provider for the carbon credit market, acting as a coverholder at Lloyd's of London. The company aims to de-risk carbon credit transactions to encourage investment in high-quality carbon removal projects. By providing insurance, Kita helps accelerate climate action by increasing the flow of capital to these initiatives.

The company was founded in 2021 by Natalia Dorfman (CEO), Paul Young (CTO), and Thomas Merriman (CIO). The founders combined their expertise to address a key barrier in the voluntary carbon market: the risk associated with the long-term delivery of carbon credits. Natalia Dorfman has a background in climate tech and finance, Paul Young is a data science and machine learning expert, and Thomas Merriman has experience in insurance and climate law.

Kita offers several insurance products designed to mitigate specific risks within carbon credit transactions. Its flagship product, Carbon Purchase Protection Cover, insures the buyer of forward-purchased carbon credits against the risk of under-delivery from the carbon removal project. This protects the buyer's investment and ensures the transaction's integrity. For carbon businesses, Kita provides Carbon Supplier-Side Default Insurance to cover business interruption risks. The company is authorized and regulated by the UK's Financial Conduct Authority.

Keywords: carbon insurance, voluntary carbon market, carbon credits, climate finance, risk management, de-risking, carbon removal, climate tech, Lloyd's of London, insurtech