Mosaic Insurance Holdings Ltd. said Thursday it launched a combined cyber and financial institutions crime product to provide protection for digital asset businesses.
The new modular product suite offers stand-alone or blended coverage across cyber, technology errors and omissions, and crime for risks faced by digital asset businesses including exchanges, custodians, trading platforms, blockchain analytics firms, miners, exchange-traded funds structures, real world asset platforms, and wallet providers.
Limits are available up to $10 million, €10 million or £10 million in capacity for cyber and tech, and up to $5 million, £5 million or €5 million for crime exposures.
Coverage is underwritten via Mosaic’s agency network on behalf of its Lloyd’s Syndicate 1609 and backed by its A+-rated global insurer partners.
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.
