-
Purpose-built insurance solutions remove key barriers constraining lending to and investment in green projects
-
Pre-launch demand from banking sector drives expanded product suite across renewable energy and emerging technologies
-
Comprehensive suite addresses credit, operational and regulatory risks
Tokio Marine GX (TMGX) today officially launches as a fully operational underwriting business. This marks a significant milestone in delivering the market’s most comprehensive suite of specialist insurance and risk management solutions, designed to provide banks and financial institutions with products that ensure the long-term success of transition projects, embedding stability and reducing the volatility which has stymied progress.
The launch follows months of market engagement since TMGX was established in May. The company has held extensive discussions with banks, lenders and investors to understand their core insurance needs in this sector. TMGX provides integrated solutions addressing the full spectrum of financial risks faced when developing green projects, from tax indemnity, credit and surety risk through to operational performance and carbon credit guarantees.
TMGX’s products are focused on areas which facilitate the flow of capital to green projects. The initial product suite addresses eighteen distinct areas of green transition risk, with notable strengths in financial products including:
-
Credit Risk Solutions - Protecting lenders against borrower default on sustainable finance facilities
-
Surety for Green Projects - Enabling banks to support infrastructure development with confidence
-
Tax Credit Insurance - Mitigating risks associated with energy tax credit risks
-
Carbon Credits - Supporting banks' emerging carbon trading and offset financing.
Additional coverage spans the full spectrum of renewable energy and green technology risks:
-
Onshore Wind
-
Offshore Wind
-
Solar Power
-
Hydropower
-
Small Modular Nuclear Reactors
-
Battery Energy Storage Systems
-
Decommissioning
-
Interconnectors
-
Carbon Capture
-
Aquaculture
-
Green Vessels
-
Project Cargo
-
General Liability
-
Hydrogen
This integrated approach enables banks to build substantial green finance portfolios with confidence, supported by specialist insurance solutions across every sector in which they deploy capital, from early-stage technology through to mature infrastructure debt.
Ben Kinder, Chief Underwriting Officer of Tokio Marine GX, said: “TMGX provides purpose-built coverage that aligns with how financial institutions’ structure and manage their green finance portfolios. We are not just another insurance provider, we are a strategic partner that understands investment strategy in the sector, regulatory capital requirements and loan portfolio risk management. Our solutions enable institutions to meet their sustainable finance objectives while maintaining prudent lending standards.”
Fraser McLachlan, Chairman of Tokio Marine GX, said: "The financial sector requires insurance solutions as sophisticated as the lending structures they create for green projects. TMGX will meet this need, combining decades of project finance insurance expertise with deep understanding of investment risk and project financing frameworks. We work strategically with banks, lenders and investors providing bespoke risk mitigation around the core needs of financial institutions. This positions us to support investors and developers in securing and protecting the finance that the new green, sustainable transformation requires."
TMGX offers up to $500 million capacity on any single risk and serves as both lead underwriter and strategic risk advisor for green finance initiatives. Its financed -focused approach enables it to design solutions that integrate seamlessly with lending processes, regulatory capital frameworks and loan portfolio management systems, while supporting ambitious sustainable finance targets.
As sustainable finance markets mature and regulatory frameworks evolve, TMGX expects to expand its product suite further as part of its ambition to be the partner of choice for investors in the green finance revolution.
Comprehensive details of TMGX’s capabilities are available at tmgx.com.
