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Together with carbon insurance specialist, Kita, we are pleased to launch a new landmark report entitled “Gross Written Carbon: Are carbon credits the next billion-dollar insurance market?”

ESG and sustainability strategies are often risk-centric and neglect the real opportunities for underwriting solutions that can drive profit for (re)insurers. The carbon credit insurance opportunity is one that has the potential for profit, and also purpose, playing a vital role in decarbonisation in the fight against climate change.

The report takes a comprehensive view of the market, considering the challenges and limitations, alongside the sizeable opportunities. Ultimately, explosive growth of the currently nascent market is a question of “when, not if”. 

The content features in-depth interviews with leading industry experts including brokers (AON, Howden and Marsh) and (re)insurers (AXA XL, CFC, Chaucer and Fidelis). In addition, you’ll find mini-explainers related to terminology and market structure, deep-dives into specifics (including the implications of COP28 outcomes) and case studies to showcase the work already underway across the industry. 

Miqdaad Versi-1-1

Miqdaad Versi

Partner and Head of Sustainability

Miqdaad leads engagements on sustainability strategy and delivery for some of the world's largest (re)insurers. He has a wide network spanning the executive and sustainability leaders teams of large (re)insurers, industry bodies, and other organisations such as the United Nations Environmental Programme and the Insurance Development Forum.

Graduating with a first class degree in Mathematics from the University of Oxford, Miqdaad has a strong technical skillset, allowing him to dig beneath the surface to uncover the real problems facing the executive teams with whom he is working. He balances strategic and market knowledge with pragmatism to drive towards solutions that deliver for his clients. 

As the founder of the Sustainability practice at Oxbow Partners, Miqdaad is the (co-)author of a series of landmark reports, including the ESG maturity of Bermudian (re)insurers, how ESG data is used in underwriting, and how the London Market supports the transition to net-zero. He is a regular commentator on the topic for industry seminars, podcasts and summits, and often provides comments to the press on topical issues.

Contact Miqdaad

About us

Oxbow Partners is a specialist management consultancy exclusively serving the insurance industry. Our clients include leadership teams at the world’s leading insurers, reinsurers, brokers and private equity firms.

Our consulting engagements span across strategy, operations, technology, transformation and M&A. We have also built cross-industry expertise in ESG across the insurance sector, with an in-depth understanding of the ESG strategy of (re)insurers across the globe. We are uniquely placed to use this expertise in our engagement with (re)insurers on their approach to ESG.

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