Willis launches integrated risk and insurance solution for carbon capture

Rhea-AI Summary

Willis (NASDAQ:WTW) launched a Carbon Capture and Storage (CCS) insurance solution on May 13, 2026. The integrated suite supports CO₂ capture, transportation, and storage projects, offering risk transfer, liability coverage, leakage response, and protection under carbon credit regimes, plus advisory and risk engineering services across project lifecycles.

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LONDON, May 13, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today announced the launch of its Carbon Capture and Storage (CCS) insurance solution.

The CCS is a fully integrated insurance suite designed specifically to support developers and operators across the CO₂ capture, transportation, and storage value chain. It adapts upstream energy, marine, liability and environmental protections to the risks of CCS operations.

The solution is designed to provide bankability enabling coverage, aligned with regulatory and carbon credit requirements, and is built to support operators, investors and emitters across every stage of a project lifecycle. The service offering extends beyond conventional insurance to include front-end engineering design (FEED) phase risk engineering support, best-practice knowledge sharing, contractual risk allocation advice, lender and regulatory support, and tailored insurance solutions.

Key coverage points include:

• End‑to‑end risk coverage across the CCS value chain, from construction and commissioning through long‑term operations
• Protection for physical assets and revenues, including property damage, business interruption, and value‑chain downtime
• Certainty of risk transfer for complex CCS exposures, covering first‑of‑a‑kind technologies
• Comprehensive liability protection, addressing third‑party claims, plume migration, terminal operations, and off‑spec CO₂ risks
• Leakage event response and remediation cover, funding corrective measures following unintended CO₂ releases
• Financial protection under carbon credit and offtake regimes, mitigating exposure to non‑delivery penalties and mandatory carbon market obligations.

Marie Reiter, head of global broking strategy, natural resources at Willis, said: “We are delighted to announce the launch of our CCS solution, designed to support the next phase of carbon capture and storage deployment. Carbon capture and storage projects face first-of-a-kind risks, complex contractual structures, and rapidly evolving regulatory requirements. Effective risk management is critical to building bankability and long-term resilience.”

Full details of the launch can be found here.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

Media contacts

Jo Barrett
jo.barrett@wtwco.com / +44 7940703911

Lauren David:
Lauren.david@wtwco.com / +44 7385947619

FAQ

What is the new Willis (WTW) carbon capture and storage insurance solution launched in May 2026?

Willis introduced a CCS insurance suite covering CO₂ capture, transport, and storage risks. According to Willis, it integrates energy, marine, liability, and environmental protections with advisory services to support developers, operators, investors, and emitters across all stages of CCS project lifecycles.

How does Willis (WTW) CCS insurance support bankability for carbon capture projects?

The Willis CCS solution aims to enhance bankability by offering comprehensive risk transfer and regulatory-aligned coverage. According to Willis, it addresses project lifecycle risks, supports lender and regulatory needs, and protects revenues under carbon credit and offtake regimes, helping projects secure financing and long-term resilience.

What key risks does the Willis (WTW) CCS insurance solution cover for carbon capture assets?

The Willis CCS solution covers physical assets, business interruption, and value-chain downtime. According to Willis, it also includes liability for third-party claims, plume migration, terminal operations, off-spec CO₂, plus leakage event response and remediation funding following unintended CO₂ releases across CCS operations.

How does Willis (WTW) CCS insurance address emerging technologies and complex exposures?

The CCS suite provides certainty of risk transfer for complex, first-of-a-kind CCS technologies. According to Willis, it adapts upstream energy, marine, liability, and environmental insurance to novel CCS exposures, aiming to support innovation while managing technical, operational, and contractual risks across the value chain.

What additional services beyond insurance does Willis (WTW) offer with its CCS solution?

Alongside insurance, Willis offers FEED-phase risk engineering, best-practice knowledge sharing, and contractual risk allocation advice. According to Willis, the package also includes lender and regulatory support and tailored policy design to align CCS projects with evolving regulations and carbon market requirements.

Why does Willis (WTW) see risk management as critical for CCS project deployment?

Willis states CCS projects face first-of-a-kind risks, complex contracts, and changing regulations. According to Willis, effective risk management underpins bankability and long-term resilience, making integrated insurance, engineering support, and advisory services important for scaling global carbon capture and storage deployment.