Our story
Decarbonization is an immense undertaking. The global effort required is poised to spark the greatest capital reallocation in a century, requiring US$9.2 trillion in annual average spending on physical assets. Specialist insurance is critical to this. The risk transfer market must evolve, embedding stability and efficiency and reducing the volatility that has hindered progress.
At the core of Tokio Marine Group’s culture lies the belief that insurance has the power to solve the biggest problems of each era. This belief has driven the Group’s evolution for nearly 150 years and underpins our global growth. Tokio Marine Group is one of a handful of global underwriters with the scale, international footprint influence and expertise necessary to support clients at every stage of their transition journey. It stands alone in its experience and track record.
Tokio Marine GX is a unique insurance proposition. It offers a single gateway to:
- the pioneering underwriting spirit of GCube;
- expertise drawn from across Tokio Marine’s global operations;
- extensive claims experience in every facet of renewable energy and the green transition;
- the holistic support, risk appetite, financial resources and capacity of one of the world’s largest insurers; and
- an institutional commitment to accelerating societal progress.
Expertise-led
Tokio Marine GX’s leadership team of Simon Button, Benjamin Kinder and Fraser McLachlan represents the foremost insurance experts in the energy and transition sectors. They have the full support and authority of Tokio Marine Group, offering access to an unrivalled product suite and unparalleled specialist expertise.
Tokio Marine GX is built on the exceptional capabilities of GCube, which for decades has offered the most comprehensive suite of renewable energy insurance products available globally, underpinned by the market’s only dedicated renewable energy claims team comprising unparalleled expertise and experience.
For over 25 years, GCube has been at the forefront of the energy transition. It has facilitated innovation, enabled investment, mitigated risks and paid over US$1 billion in claims, which has enabled the sector to flourish. Added to this expertise, Tokio Marine Nichido has been underwriting offshore wind power generation since 2013, building on its vast marine experience, and is now regarded as one of the major international players in this field. Tokio Marine GX will enhance these foundational capabilities, offering an unrivalled product portfolio for businesses at every stage of their green transition.
