Mosaic Insurance has entered the digital asset market with a combined cyber and financial institutions (FI) crime insurance product aimed at a sector that continues to expand but remains underserved by traditional insurers.
The offering includes modular coverage across cyber, technology errors and omissions (E&O), and crime. Clients can choose stand-alone options or combine coverages based on their exposure profiles.
The policy provides up to $10mn in cyber and tech capacity and up to $5mn for crime, underwritten through Mosaic’s global agency network and backed by Lloyd’s Syndicate 1609 and A+-rated international carriers.
Target clients include digital asset exchanges, custodians, wallets, trading platforms, blockchain analytics providers, ETF structures, miners, and RWA platforms.
These companies frequently encounter limited underwriting appetite, narrow coverage terms, and declining capacity due to perceived regulatory volatility or operational complexity.
This launch marks Mosaic’s first digital asset-focused initiative supported by its partnership with Native, a broker specializing in the space.
Through the Native Risk Collective, clients using approved vendors that demonstrably improve risk management may access enhanced policy terms and pricing advantages.
The product mirrors Mosaic’s coverage structure for non-digital asset clients. It offers a single underwriting platform that consolidates cyber, tech, and crime risks—closing the gaps that often exist when policies are sourced separately.
This is the first Lloyd’s A+-rated combined cyber, tech E&O, and crime capacity available to digital asset firms. We’re delivering a level of trust and financial stability that’s been missing in this market.
Brian Bonkoski, Global Head of Cyber at Mosaic
Kieran Quigley, VP and Cyber Underwriter at Mosaic, who led the product’s development, noted the long-standing demand: “Digital asset firms have asked for meaningful insurance backed by capacity and long-term engagement. We’ve built exactly that, based on direct input from brokers and clients.”
The market needed a more intelligent, integrated underwriting approach. Mosaic is delivering a practical answer to that need.
Tom Dilley, Global Head of Financial Institutions at Mosaic
Cyber and financial institutions coverage now joins Mosaic’s broader portfolio of seven specialty lines, which also includes environmental, transactional, professional liability, political risk, and political violence.
