As companies across sectors intensify efforts to reduce carbon emissions, Tokio Marine Holdings has launched Tokio Marine GX (TMGX) — a specialized platform offering customized risk solutions designed to support corporate sustainability objectives and advance the global transition toward decarbonization.
TMGX is designed to assist businesses navigating the complexities of energy transition by providing insurance and risk advisory services that help reduce volatility and unlock capital for sustainable investments.
The platform will serve a wide spectrum of industries—including renewable energy providers, power utilities, construction firms, and industrial operations—helping organisations meet their decarbonisation targets with greater confidence and resilience.
Drawing on the strengths of GCube, a recognised leader in renewable energy underwriting, and the offshore marine expertise of Tokio Marine & Nichido Fire, TMGX consolidates capabilities from across the Tokio Marine Group. This integration allows the unit to offer comprehensive, sector-specific support.
TMGX will have the capacity to underwrite up to $500 million per individual risk, positioning itself as a lead underwriter for green and transitional energy projects. Its name—short for “Green Transformation”—underscores both Japan’s national strategy and Tokio Marine’s commitment to facilitating the global energy transition.
The platform will offer a broad suite of products, including credit and surety solutions, as well as tailored insurance policies covering renewable energy, nuclear, and hydrogen-related risks. These offerings are designed not only to help clients secure financing but also to ensure operational continuity as they pursue sustainable transformation.
According to estimates cited by the company, the transition to a low-carbon economy could demand an average $9.2 trillion in annual investment in physical assets. One of the key barriers to this scale of investment is the limited availability of accessible, reliable insurance. TMGX aims to close this gap by providing capacity that de-risks projects and encourages greater investment flow.
Leadership for the new unit includes Fraser McLachlan, current CEO of GCube, has been appointed chairman of TMGX, and Ben Kinder, Chief Underwriting Officer for Marine, Energy & Renewables at Tokio Marine HCC International (TMHCCI), who will assume the role of TMGX CUO while continuing his duties at TMHCCI.
