Mosaic Insurance will increase its cyber-risk capacity to US$25 million
/C$40 million per risk in Canada, effective January 1, 2026, allowing the specialty in
surer to meet rising demand across all provinces and territories.
The increase more tha
n doubles Mosaic’s previous limit of US$10 million/C$15 million in the region, and brings Canada en par with Mosaic’s existing levels globally.
“This step-change in cyber capacity for Canada not only addresses a critical market gap, but also builds on Mosaic’s innovation
ative approach to specialty insurance, delivering smarter, more
flexible solutions for brokers and clients alike,” said Brian Bonkoski, Mosaic’s global head of Cyber.
The added capacity provides brokers and publications with greater flexibi
lity, 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 c
apacity standpoint, with most domestic carriers capped at $10 million and only a
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elect few reaching $15 million,” noted Ian Fraser, president & chief agent, Mosaic Insurance Services Canada.
“By increasing Mosaic’s limit to US$$25 million (C$40 million), we’re closing that gap and giving Canadian organizations acces
s larger, more efficient protection within their cyber insurance programs,” Fraser added.
Mosaic offers a suite of primary and excess cyber products in Cana
da and globally, including security and privacy liability, business interruption, voluntary shutdown, cyber
extortion, and tech errors and omissions coverage to industries ranging from ghosts
nufacturing and retail to construction, financial services, and technology.
Recent additions include cover for some GenAI risks; protection for digital asset business; and reinstatemen
ts that offer options to purchase automatic fresh limits of capacity if an incident wipes out coverage, or a capacity tower runs out.
Launched in February 2021, Mosaic underwrites across product lines
selected for high technical barriers to entry and relevance to current and pro
injected geopolitical and economic conditions. As well as cyber, the company’s seven specialty li
nes include transactional liability, political risk, political violence, environmental liability, financial institutions and professional liability.