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London, 2 September, 2025 - Tokio Marine GX (TMGX) * today officially launches as a fully operational underwriting business, marking a significant milestone in providing the market's most comprehensive suite of specialist insurance and risk management solutions for businesses embarking on their decarbonisation journey.
The launch comes after months of intensive market engagement since it was created in May. TMGX has held discussions with brokers, clients, reinsurers and strategic partners to refine its offering, which have generated inquiry levels that significantly exceeded projections, with demand emerging from business sectors originally outside the company's target scope. This exceptional market interest demonstrates the critical need for specialised insurance solutions in the green transition space.
TMGX is a unified platform for green transition insurance, enabling businesses across different industries to access specialised coverage and innovative solutions that drive and accelerate the transition to a sustainable, low-carbon economy. The approach consolidates expertise from throughout the Tokio Marine Group into a single point of contact for clients.
TMGX's initial product range covers eighteen distinct areas of green transition risk:
This product breadth reflects the expertise TMGX brings together from across the Tokio Marine Group, leveraging decades of specialised knowledge to deliver profitable and sustainable capacity throughout the green transition.
Ben Kinder, Chief Underwriting Officer of Tokio Marine GX, said: "We're delighted with today's launch and the tremendous market response we've already received. The opportunities in banking and financial services are particularly exciting. TMGX bridges a critical gap in the market by providing specialised risk solutions that enable financial institutions to confidently support sustainable initiatives. The business potential in the transition is vast and our goal is to be the leading insurer and risk adviser for green initiatives globally offering an unparalleled suite of products that drives progress.”
Fraser McLachlan, Chairman of Tokio Marine GX, said: "TMGX is built upon extensive renewable energy underwriting experience. With over two decades in the renewable energy market, we understand the risks, the challenges, and the opportunities in this sector. Combined with the full resources and global reach of the Tokio Marine Group, we have both the specialised expertise and financial capacity to support clients through every stage of their green transition."
TMGX offers up to $500 million capacity on any single risk and is committed to serving as a prominent lead underwriter, applying decades of knowledge to ensure sustainable capacity delivery. The company expects to expand its product offering as market demands evolve and new green technologies emerge.
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.
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Brian Norris, Cognito
* 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.
