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Houston, September 2, 2025 - Tokio Marine GX (TMGX)* today launches the market's most comprehensive suite of specialist insurance and risk management solutions for businesses embarking on their decarbonization journeys.
TMGX addresses critical challenges facing U.S. businesses pursuing green transformation projects, including complex federal and state regulatory requirements, evolving tax credit structures under the Inflation Reduction Act, and financing gaps for emerging technologies. Many companies have struggled with the ever-changing landscape in green transformation investments, delays in developing some projects and the need for specialized expertise in areas such tax credits and carbon capture projects where traditional insurance markets lack experience.
The launch comes after months of market engagement since TMGX was created in May. The company has held discussions with brokers, clients, reinsurers and strategic partners to develop solutions tailored for the North America market, with particular focus on addressing regulatory complexity and supply chain vulnerabilities that have impacted project financing and development timelines. The response from businesses significantly exceeded projections, with demand emerging from companies across diverse sectors, and throughout the region, seeking coverage for projects previously considered uninsurable or requiring more costly financing arrangements.
TMGX brings together expertise from across the Tokio Marine Group into a single platform dedicated to green transition insurance. This unified approach allows businesses to access innovative, tailored coverage across all aspects of sustainable development, from financing and project construction to emerging technologies and long-term operations, while navigating the complex web of federal incentives, state-level requirements, and evolving grid interconnection standards.
TMGX recently announced the expansion of its US leadership structure with the appointment of Rosa van Reyk as Head of North America (West Coast) and Michael Galea as Head of North America (East Coast).
TMGX's product range addresses the full spectrum of risks that businesses face when developing, financing, or operating sustainable initiatives across eighteen distinct areas:
This comprehensive offering enables companies to pursue green transition goals with confidence, with specialized insurance solutions across all aspects of their green transition, including coverage for regulatory delays, technology performance risks, and the complex interaction between federal tax incentives and project financing structures.
Ben Kinder, Chief Underwriting Officer of Tokio Marine GX, said: "US companies are navigating an increasingly complex landscape as they pursue clean energy projects, especially from evolving federal and state regulations. TMGX was created to meet these specific challenges, offering the depth of expertise and capacity needed to make ambitious projects a reality despite regulatory uncertainty and technology risks."
Fraser McLachlan, Chairman of Tokio Marine GX, said: "The US market presents unique opportunities and challenges, from uncertainty relating to Inflation Reduction Act incentives to the complexity of state-by-state regulatory frameworks and grid interconnection processes. TMGX brings together decades of experience in renewable underwriting with a clear understanding of these evolving market dynamics and regulatory requirements. That combination allows us to support businesses at every stage of the transition, from innovators navigating technology risks to global corporations progressing decarbonization strategies while managing compliance and financing challenges."
TMGX offers up to $500 million capacity on any single risk and is committed to serving as a prominent lead underwriter for U.S. green projects. The company's operations are designed to integrate seamlessly with how businesses operate, providing responsive service and tailored solutions that address the specific regulatory, technological, and financing challenges facing companies across diverse sectors and regions.
TMGX expects to expand its product offering as clean technology innovation continues and new opportunities emerge across the country's evolving energy landscape, with particular attention to emerging federal regulations and state-level initiatives that create new risks and opportunities for green project development.
Comprehensive details of TMGX’s capabilities are available at tmgx.com.
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About Tokio Marine GX
Founded upon GCube's* decades of experience in renewable energy underwriting and claims, and with expertise drawn from across Tokio Marine's global operations, Tokio Marine GX provides a single point of access to a suite of products and services, for partners and clients committed to more sustainable practices. Tokio Marine GX is part of Tokio Marine Group. Tokio Marine Group is one of the world's largest global insurance and risk players with a market capitalization of approx. $81 billion as of June 30, 2025, a network encompassing Japan and 46 countries and regions worldwide, and over 43,000 employees. Tokio Marine Group has the capabilities to drive genuine positive change through a business model grounded in a sense of purpose and social responsibility, built on 145 years of history and an enduring culture that fosters innovation and expertise.
Composed of a diverse range of insurance and solutions businesses across the world, that bring a depth and breadth of capabilities to address and mitigate the ever-evolving risks we face, we provide our clients and communities with the security they need to move forward, while working to create more resilient societies and a better tomorrow.
For further information:
Media
Brian Norris, Cognito
[email protected]
* GCube Insurance Services, Inc (operating as the underwriter for the TMGX group) is based in Santa Ana, CA. License number in CA is 0B86549. The NPN number is 2337817.
