Digital Art Mosaic Expands into Digital Asset Trading Sector
Mosaic Insurance Enters Digital Asset Market with Comprehensive Insurance Solution
Mosaic Insurance, a leading insurance provider, has announced its entry into the digital asset market with a new product suite designed to address the unique risks and needs of digital asset businesses. The product offers flexible coverage for cyber, technology errors and omissions (E&O), and crime risks, providing up to $10 million in capacity for cyber and tech exposures and up to $5 million for crime risks [1][3][5].
The product is underwritten on behalf of Lloyd’s Syndicate 1609 and distributed via Mosaic’s worldwide agency network. It is backed by A+-rated global carrier partners, offering a level of trust and financial strength that has been lacking in this space [1][3][5].
Mosaic Insurance's product is designed to understand the risks, offer meaningful capacity, and bring a long-term view in the digital asset space. It is tailored to a broad spectrum of digital asset clients, including exchanges, custodians, trading platforms, blockchain analytics firms, miners, exchange-traded funds (ETF) structures, real-world asset (RWA) platforms, and wallet providers [4].
Recently, Mosaic Insurance has formed a strategic partnership with Native, a specialist broker in digital assets. The move to Bermuda by Mosaic Insurance's cyber team underwriter is aimed at aligning the company's global business strategy around the fast-growing risk [2].
The digital assets market, according to QuestGates, occupies a completely different space compared to traditional insurance markets. It is a developing and highly specialised technical space [6][7]. In response, QuestGates has launched a pioneering new service to provide insurers and brokers with an integrated and comprehensive claims management solution for digital risk [8].
The solution provides stand-alone or blended coverage across cyber, technology E&O, and crime. It addresses a historically underserved market that has faced fragmented responses, limited capacity, or declinations due to perceived volatility and regulatory uncertainty [1][3][5].
The digital claims service launched by QuestGates is a first for the loss adjusting sector [9]. This service is designed to address the evolving digital risk in the insurance industry, providing a much-needed solution for the growing digital asset market.
In addition to cyber and financial institutions liability, Mosaic Insurance's product offerings include seven lines of specialty business [2]. Trisura Specialty Insurance Company, rated A- by AM Best, has expanded its strategic fronting partnership with Mosaic Insurance, enabling Trisura to provide capacity for U.S. digital asset risks [10].
George Cole, a Mosaic Insurance underwriter, has been transferred from London to the company's Bermuda corporate headquarters, further demonstrating Mosaic Insurance's commitment to the digital asset market [3].
[1] Mosaic Insurance Launches Digital Asset Insurance Solution [2] Mosaic Insurance Moves Cyber Team Underwriter to Bermuda [3] Mosaic Insurance Underwriter George Cole Transferred to Bermuda [4] Mosaic Insurance's Digital Asset Product Suite [5] Mosaic Insurance's Digital Asset Product Offers Meaningful Capacity [6] The Digital Assets Market is Different from Traditional Insurance Markets, According to QuestGates [7] The Digital Assets Market is a Developing and Highly Specialised Technical Space, According to QuestGates [8] QuestGates Launches Pioneering Digital Claims Management Solution for Digital Risk [9] The Digital Claims Service Launched by QuestGates is a First for the Loss Adjusting Sector [10] Trisura Specialty Insurance Company Expands Strategic Fronting Partnership with Mosaic Insurance
- Mosaic Insurance's underwriter, George Cole, has been transferred from London to Bermuda, underscoring the company's commitment to underwriting digital asset risks, such as events, finance, and technology.
- In collaboration with Native, a specialist broker in digital assets, Mosaic Insurance offers specialty insurance solutions tailored to various digital asset clients, including events, exchanges, custodians, and miners, among others.
