Mosaic Insurance will increase its cyber-risk capacity in Canada to US$25 million, or CAD40 million, per risk, effective Jan. 1, 2026, expanding the amount of coverage available to organizations facing growing cyber exposures across all provinces and territories.
The move more than doubles the insurer's previous Canadian limit of US$10 million, or CAD15 million, and brings Canada in line with Mosaic's cyber capacity in other jurisdictions.
The increase comes as cyber insurance demand continues to rise, driven by ransomware activity, data breaches, business interruption losses, and increasing regulatory scrutiny around data protection. Mosaic said the expanded capacity is intended to address this gap and support brokers in structuring programmes for larger and more complex risks, including layered and excess placements.
"Canada's cyber-insurance market has lagged behind the UK and US from a capacity standpoint," said Ian Fraser (pictured), president and chief agent of Mosaic Insurance Services Canada. "By increasing Mosaic's limit... we're closing that gap and giving Canadian organizations access to larger, more efficient protection within their cyber insurance programs."
The insurer said the higher limits are expected to provide greater flexibility in programme design and reduce the need for insureds to assemble multiple placements across several carriers to reach desired limits. The additional capacity may also support organizations seeking higher limits as part of contractual or regulatory requirements.
In Canada and globally, Mosaic offers both primary and excess cyber products, covering risks such as security and privacy liability, business interruption, voluntary shutdown, cyber extortion, and technology errors and omissions. Coverage is available to a range of industries, including manufacturing, retail, construction, financial services, and technology, sectors that have faced heightened cyber exposure as digitalization has accelerated.
Mosaic has also expanded its cyber offering to address emerging risks, including certain exposures linked to generative artificial intelligence and digital asset businesses. The insurer offers reinstatement options that allow insureds to purchase additional limits if coverage is exhausted following a major incident, a feature aimed at supporting resilience in severe loss scenarios.
