Mosaic launches tailored cyber and crime coverage for digital asset companies

Mosaic Insurance, a specialty insurer known for underwriting complex and emerging risks, has expanded into the digital asset space with a new insurance solution designed specifically for this fast-growing industry.

The offering combines cyber and financial institutions (FI) crime coverage, addressing long-standing gaps in protection for businesses operating in digital finance and blockchain-based ecosystems.

The modular product suite allows clients to choose stand-alone or integrated coverage options across cyber, technology errors and omissions (E&O), and crime.

It delivers up to £/$/€10 million in capacity for cyber and tech exposures, and up to £/$/€5 million for crime risks.

The coverage is available through Mosaic’s global distribution network and is underwritten on behalf of Lloyd’s Syndicate 1609, backed by A+-rated international carrier partners.

Targeted at a broad spectrum of digital asset businesses, the product is suited for companies ranging from startups to established institutions.

This includes exchanges, custodians, trading platforms, blockchain analytics firms, mining operations, exchange-traded fund (ETF) structures, real-world asset (RWA) platforms, and wallet providers. These organisations have historically faced limited insurance options—often encountering narrow coverage, insufficient capacity, or outright rejections due to perceived instability or regulatory concerns.

“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,” commented Brian Bonkoski, Global Head of Cyber at Mosaic.

“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.”

Mosaic’s solution aligns with the policy structure and limits typically offered to its non-digital asset clients, enabling digital-first businesses to access comprehensive protection from a unified underwriting source. This structure helps close coverage gaps and simplifies risk management.

The launch is supported by a strategic alliance with Native, a brokerage specialising in digital assets. Through the ‘Native Risk Collective’ initiative, businesses that adopt vetted security tools and services can benefit from improved terms and broader coverage.

“Digital asset clients have long needed insurance that understands their risks, offers meaningful capacity, and brings a long-term view,” said 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,” added Tom Dilley, Global Head of Financial Institutions for Mosaic. “Mosaic is answering that call with a credible, thoughtful solution.”

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.