Lloyd's coverholder Kita appoints insurance head

Key hire's credentials include time at Marsh McLennan

Lloyd's coverholder Kita appoints insurance head

Environmental

By Terry Gangcuangco

Carbon insurance specialist Kita, an approved Lloyd’s coverholder, has brought in Marsh McLennan alumnus James Kench to serve as head of insurance.

“I’ve always been a big fan of hyper-specialist insurtech MGAs (managing general agents) for their agility, innovation, and ability to build deep specialist knowledge in their respective niche,” said Kench, whose career spans more than 14 years across Europe, Asia, and the Americas.

“So, I’m extremely excited to join Lloyd’s coverholder Kita to help do just that in the fascinating and emerging climatetech realm of carbon insurance. I look forward to working closely with our broker and capacity partners and the broader carbon ecosystem as we de-risk and enable more carbon removal projects worldwide.”

Kench’s credentials also include time spent at Mayer Brown and Jardine Matheson. His background is a mix of (re)insurance, law, finance, accounting, biology/chemistry, and insurance product development.

“We are thrilled that an insurance industry professional of James’ stature is on the Kita team,” commented Kita chief executive and co-founder Natalia Dorfman in an emailed release. “James will use his extensive insurance industry experience to accelerate Kita’s carbon insurance product development, thus helping greenlight more investment into high-quality carbon removal projects.”

The insurance head’s arrival comes hot on the heels of Kita’s oversubscribed £4 million seed round. Kita’s lead capacity is provided by Chaucer Group; follow capacity by Munich Re Syndicate and RenaissanceRe.

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