Mosaic Insurance will increase its cyber-risk capacity to US$25 million/C$40 million per risk in Canada, effec
tive January 1, 2026, allowing the specialty insurer to meet rising demand across all provinces and territories.
The increase more than doubles Mosaic’s previous limit of US$10 million/C$15 million in the region, and b
rings Canada en par with Mosaic’s existing levels globally.
“This step-change in cyber capacity for Canada not only address
es a critical market gap, but also builds on Mosaic’s innovative approach to specialty insurance, delivering smart
er, more flexible solutions for brokers and clients alike,” said Brian Bonkoski, Mosaic’s global head of Cyber.
The added capacity provides brokers and insureds with greater flexibility, enables more resilient program
design, and enhances how larger cyber risks can be managed, Mosaic said.
“Canada’s cyber-insurance market has lagged behind the UK
and US from a capacity standpoint, with most domestic carriers capped at $10 million and only a select few r
eaching $15 million,” noted Ian Fraser, president & chief agent, Mosaic Insurance Services Canada.
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“By increasing Mosaic’s limit to US$$25 million (C$40 million), we’re closing that gap and giving Canadian org
anizations access to larger, more efficient protection within their cy
ber insurance programs,” Fraser added.
Mosaic offers a suite of primary and excess cyber products in Canada and globally, including security and p
rivacy liability, business interruption, voluntary shutdown, cyber e
xtortion, and tech errors and omissions coverage to industries ranging fro
m manufacturing and retail to construction, financial services, and technology.
Recent additions include cover for some GenAI risks; protection for digital asset business; and reinstatement
s that offer options to purchase automatic fresh limits of capacity if an in
cident wipes out coverage, or a capacity tower runs out.
Launched in February 2021, Mosaic underwrites across product lines selected for high technical barriers to entr
y and relevance to current and projected geopolitical and econo
mic conditions. As well as cyber, the company’s seven specialty lines include transactional liability, political risk,
political violence, environmental liability, financial institutions and professional liability.