"Turning over a new leaf" cont'd
CarbonRe is one of the first insurance sector mechanisms in the world to be launched with the sole objective to identify, assess and transfer risks in Greenhouse Gas Markets. CarbonRe’s mission consists of risk transfer for participants in carbon markets. CarbonRe assists also the insurance industry in underwriting the new dimension of risk such as: Country investment and counter-party risk, Carbon regulatory risk, Technology performance risk and various Project risks. CarbonRe’s core competence is risk management and carbon finance for renewable (clean) energy, emission reduction technologies, clean technologies, weather and climate change related risks, and international carbon markets such as EU-ETS and Kyoto. CarbonRe’s management has positioned the business to react to niche underwriting opportunities in Greenhouse Gas Markets that are in very high demand yet are currently underserved by the financial services industry.
CarbonRe is a rapidly growing provider of specialty lines of insurance, reinsurance and structured finance risk solutions in greenhouse gas markets. CarbonRe defines specialty insurance and reinsurance as those lines of business that are often unusual or difficult to place and do not fit the underwriting criteria of standard commercial insurance product providers. CarbonRe has relationships and methodology approval with leading intermediaries, primary risk takers and reinsurance companies. CarbonRe has professional liability insurance from Winterthur Insurance Company. The company is based in Zug, Switzerland.
GSDP Global Sustainable Development Project is a wholly owned subsidiary of CarbonRe. GSDP is a professional project development company, consultant and advisor to the private and public sector. GSDP is recognized internationally as an expert in sustainable strategies and a “think tank” for the challenges of modern society. The company is based in Lisle sur Tarn, France.