Bermuda start-up insurance company Mosaic Insurance Holdings Ltd. will begin offering cyber-liability insurance on April 1, a few months after it recruited Zurich North America's cyber and professional line manager. launched as a specialty insurance company in February, said it would offer cyber coverage and related services through insurance teams in Chicago and London.
The insurer will offer primary and excessive coverage to middle-income companies and provide up to $ 10 million within North American risk limits and up to £ 10 million ($ 13.7 million) internationally, the statement said.
In January, Mosaic recruited Yosha DeLong from Zurich as senior vice president and head of cyber insurance in Chicago.
James Tuplin, former Head of Cyber and Telecommunications, International Financial Lines, at Axa XL, a unit of Axa SA, is Mosaic's Senior Vice President and Head of International Cyber Guarantee in London and Brian Dusek, who also came from Zurich, is Vice President and Head of Cyber Guarantee (USA) in Chicago.