Howden, the London-based insurance intermediary group, announced the placement of the first carbon credits warranty and indemnity (W&I) insurance policy.
The W&I policy provided insurance cover on the sale of carbon credits for the reafforestation project of degraded forest lands by Mere Plantations, a UK-based company that owns and operates a teak plantation in Ghana, West Africa, and has been underwritten by a leading managing general agent.
This is an important milestone in the evolution of the volunt