“Mosaic has announced it will be underwriting primary cyber insurance globally, offering US$20 million in capacity across its network of underwriting hubs…Yosha DeLong, global head of cyber at Mosaic, says: ‘We’re excited to offer a primary cyber insurance solution across all Mosaic’s underwriting regions. We have always had the vision of being a primary solution and providing insureds with a true partner in a time of crisis. The cyber market has experienced major shifts in the last few years, and we aim to add stability and security to the primary marketplace.’”
Safe Security will provide cyber expertise and technology for the new product.
As part of the initiative, the specialty insurer will embed real-time cyber-risk data into its underwriting processes in partnership with SaaS software firm Safe Security
Source: Mosaic to underwriting primary cyber insurance globally