Mosaic Insurance, the Bermuda-based global specialty insurer, has entered the digital asset market, launching a combined cyber and financial institutions (FI) crime product that provides robust protection to the rapidly growing, yet historically underserved sector.
The new modular product suite offers stand-alone or blended coverage across cyber, technology errors and omissions (E&O), 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 (ETF) structures, real world asset (RWA) platforms, and wallet providers. These businesses have often faced fragmented market responses, with narrow cover, limited capacity, or declinations driven by perceived volatility or regulatory uncertainty.
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.
“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,” said Brian Bonkoski, global head of Cyber at Mosaic. “With global regulatory licenses and underwriting hubs in London, the U.S., Bermuda, Canada, Europe, Dubai, and Singapore, we offer seamless coverage to clients, regardless of domicile or the jurisdictions they serve.”
The launch is underpinned by Mosaic’s first strategic partnership in the sector with Native Broking, a London-based broker that specializes in coverage for digital assets. Using the broker’s “Native Risk Collective,” companies that integrate approved vendors and services, which materially improve their risk posture, can access enhanced coverage and more competitive premiums.
Mosaic explained that the collaboration reflects its commitment to forming sustainable partnerships that advance insurance solutions for emerging industries.
“Digital asset clients have long needed insurance that understands their risks, offers meaningful capacity, and brings a long-term view,” commented Mosaic’s Kieran Quigley, VP, underwriter, Cyber, who spearheaded the firm’s entry into the sector. “We’ve listened to clients and brokers and built solutions that reflect the ambition and growing sophistication of this space. We’re proud to support innovators driving the next wave of global economic change.”
“The market’s been calling for a smarter, joined-up approach to underwriting digital asset risk,” said Tom Dilley, global head of Financial Institutions for Mosaic. “Mosaic is answering that call with a credible, thoughtful solution.”
Cyber and financial institutions liability are two of seven lines of specialty business at Mosaic. The others include environmental liability, transactional liability, political risk, political violence, and professional liability.
Source: Mosaic
Topics Cyber
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