Howden – Green transactions insurance

Howden provides support to a structured credit insurance product for green project financing. The product is available to a number of clients across numerous sectors, including renewable energy, energy efficiency, recycling, water treatment, and mass public transportation.

This product contributes to tackling climate change by insuring green transactions and investing the related premium in certified green bonds. It provides aggregation relief to insureds, thereby enabling them to finance additional green and sustainability linked projects.

Howden’s Global Credit Solutions team supported Euler Hermes and Natixis in binding some of the first Green2Green Single Risk Credit Insurance Policies. The product covers the non-payment risk of qualifying green loans, and the investment premium is invested into the green economy, creating a virtuous ‘green cycle’.

6 transactions have been bound with Euler Hermes that qualify for their G2G product. These transactions have been co-insured with Aspen, Beazley, Channel and Brit.