Specialty insurer Mosaic has launched a combined cyber and financial institutions (FI) crime insurance product designed to meet the evolving needs of digital asset businesses.
The new modular product suite offers flexible coverage that can be structured as a stand-alone or combined across cyber, technology errors and omissions (E&O) and crime.
Limits extend up to £/$/€10 million for cyber and tech risks, and up to £/$/€5 million for crime exposures. Coverage is underwritten through Mosaic’s Lloyd’s Syndicate 1609 and backed by its A+-rated global carrier partners. Distribution will take place via Mosaic’s international agency network.
Target clients include exchanges, custodians, trading platforms, blockchain analytics firms, miners, wallet providers and other participants in the digital asset ecosystem. These businesses have frequently struggled with fragmented coverage options, with many insurers declining risks due to volatility concerns or uncertain regulatory environments.
According to Mosaic, the product is the first Lloyd’s-backed offering to combine cyber, tech E&O, and crime capacity tailored specifically to digital asset firms. The solution aims to deliver financial strength and policy clarity to an underserved segment of the market.
The company also said the solution was designed to mirror the policy structure and line sizes available to its non-digital asset clients, while addressing common coverage gaps by consolidating multiple risk areas into a single underwriting platform.
The launch was supported by its global licensing footprint and underwriting hubs in London, the US, Bermuda, Canada, Europe, Dubai and Singapore. It is also backed by a strategic partnership with specialist digital asset broker Native.
Through the “Native Risk Collective,” digital asset firms that integrate approved risk-reducing vendors may access broader coverage and more competitive terms.
Mosaic said cyber and financial institutions liability are part of its broader specialty portfolio, which also includes environmental liability, transactional liability, political risk, political violence, and professional liability.
