Mosaic launches new coverage for digital asset sector

Mosaic Insurance has entered the digital asset market, launching a combined cyber and financial institutions crime product that provides “robust protection” to the sector.

The new modular product suite offers stand-alone or blended coverage across cyber, technology errors and omissions, and crime—tailored to complex, evolving risks faced by digital asset businesses. The solution provides up to £/$/€10 million in capacity for cyber and tech, and up to £/$/€5 million for crime exposures, underwritten via Mosaic’s worldwide agency network on behalf of its Lloyd’s Syndicate 1609 and backed by its A+-rated global carrier partners.

The solution is designed for a broad spectrum of digital asset clients, spanning fast-growing innovators to mature market participants and including exchanges, custodians, trading platforms, blockchain analytics firms, miners, exchange-traded funds structures, real world asset platforms, and wallet providers.

Line sizes and policy structure mirror those accessible to Mosaic’s non-digital asset clients and the product offers cyber, tech, and crime coverage from a single underwriting platform, removing common coverage gaps.

The launch is underpinned by Mosaic’s first strategic partnership in the sector with Native, a specialist broker in digital assets.

“Mosaic is bringing the first comprehensive Lloyd’s A+-rated cyber, tech E&O, and crime capacity to the digital asset space—it’s a true differentiator, delivering a level of trust and financial strength that has been lacking in this space. With global regulatory licences and underwriting hubs in London, the US, Bermuda, Canada, Europe, Dubai, and Singapore, we offer seamless coverage to clients, regardless of domicile or the jurisdictions they serve.” – Brian Bonkoski, Global Head of Cyber at Mosaic.