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New Cyber and Financial Institutions Insurance Targets Digital Asset Risk Head-On –
Mosaic Insurance has introduced an insurance product designed for digital asset firms, combining cyber and financial institutions (FI) crime protection under one offering. The new product covers cyber liability, technology errors and omissions (E&O), and crime. Clients can choose stand-alone or blended packages. Line sizes reach up to £/$/€10 million for cyber and tech, and £/$/€5 million for crime exposures. Coverage is backed by Lloyd’s Syndicate 1609 and Mosaic’s A+-rated global partners.
Purpose-Built for the Digital Asset Ecosystem
The product targets a wide range of businesses across the digital asset spectrum, including exchanges, custodians, blockchain analytics firms, trading platforms, wallet providers, ETF structures, and real-world asset (RWA) platforms. These companies often face fragmented responses from insurers due to market volatility and regulatory ambiguity.
Kieran Quigley, Vice President and Cyber Underwriter at Mosaic, emphasized the importance of creating a solution aligned with sector needs: “Digital asset clients have long needed insurance that understands their risks, offers meaningful capacity, and brings a long-term view.”
Closing Coverage Gaps with Lloyd’s Strength
By aligning cyber, tech, and crime under one policy structure, Mosaic offers clients a comprehensive framework similar to its non-digital offerings. This approach closes coverage gaps that previously left businesses exposed across multiple risk verticals.
Global Underwriting Infrastructure Enables Jurisdictional Reach
Mosaic leverages underwriting hubs in London, Bermuda, the US, Canada, Europe, Dubai, and Singapore. This infrastructure ensures seamless access for clients, regardless of their location or domicile.
Brian Bonkoski, Global Head of Cyber at Mosaic, noted the product’s market-first credentials: “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…”
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Broker Collaboration Enhances Value Through Risk Reduction
The rollout coincides with a strategic partnership with Native, a specialist digital asset broker. Their Native Risk Collective gives clients enhanced coverage and pricing incentives when they integrate approved risk-mitigation vendors.
Filling the Industry’s Strategic Insurance Void
Tom Dilley, Global Head of Financial Institutions at Mosaic, positioned the launch as a direct response to growing client frustration: “The market’s been calling for a smarter, joined-up approach to underwriting digital asset risk. Mosaic is answering that call with a credible, thoughtful solution.”
The product reflects Mosaic’s broader commitment to developing sustainable, specialty lines for fast-evolving industries.
Part of Mosaic’s Broader Specialty Portfolio
The new digital asset coverage joins Mosaic’s seven-line specialty portfolio, which also includes:
- Transactional liability
- Political risk
- Environmental liability
- Political violence
- Professional liability
- Cyber
- Financial institutions
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