Tokio Marine Holdings has introduced Tokio Marine GX (TMGX), a specialized underwriting business designed to assist companies in transitioning to low-carbon operations. TMGX will offer tailored insurance and risk management solutions to businesses that are investing in decarbonisation and green initiatives. Leveraging the expertise of GCube and Tokio Marine & Nichido Fire, TMGX aims to provide up to $500m in capacity per risk and play a leading underwriting role in the global green transition market. The unit will cater to various sectors such as energy, construction, and heavy industry, offering advisory services and risk transfer products. TMGX's portfolio will encompass coverage for renewable energy, nuclear, and even hydrogen risks, alongside financial lines like credit and surety. Fraser McLachlan, CEO of GCube, will chair TMGX, with Ben Kinder serving as the Chief Underwriting Officer. Tokio Marine emphasizes the crucial role of insurance in the transition, citing the $9.2 trillion annual spending required for physical assets and the need to reduce volatility and facilitate investment.