Mosaic Expands Cyber Capacity to $25 Million in Canada
Mosaic Insurance is set to enhance its cyber-risk capacity to US$25 million/C$40 million per risk in Canada, effective January 1, 2026. This significant increase allows the specialty insurer to better meet the rising demand for cyber insurance across all provinces and territories.
The new limit more than doubles Mosaic’s previous capacity of US$10 million/C$15 million in the region, aligning Canada with Mosaic’s existing global levels. This move is crucial as it addresses a critical market gap in the Canadian cyber insurance landscape.
“This step-change in cyber capacity for Canada not only addresses a critical market gap, but also builds on Mosaic’s innovative approach to specialty insurance, delivering smarter, more flexible solutions for brokers and clients alike,” stated Brian Bonkoski, Mosaic’s global head of Cyber.
The increased capacity provides brokers and insureds with enhanced flexibility, enabling more resilient program design and improving the management of larger cyber risks. Ian Fraser, president & chief agent of Mosaic Insurance Services Canada, highlighted that Canada’s cyber insurance market has historically lagged behind the UK and US in terms of capacity. Most domestic carriers have been capped at $10 million, with only a select few reaching $15 million.
“By increasing Mosaic’s limit to US$25 million (C$40 million), we’re closing that gap and giving Canadian organizations access to larger, more efficient protection within their cyber insurance programs,” Fraser added.
Mosaic offers a comprehensive suite of primary and excess cyber products both in Canada and globally. These include security and privacy liability, business interruption, voluntary shutdown, cyber extortion, and tech errors and omissions coverage. The company serves a diverse range of industries, from manufacturing and retail to construction, financial services, and technology.
Recent enhancements to their offerings include coverage for certain GenAI risks, protection for digital asset businesses, and reinstatement options that allow for the purchase of automatic fresh limits of capacity if an incident depletes coverage or a capacity tower is exhausted.
Since its launch in February 2021, Mosaic has focused on underwriting across product lines that are selected for their high technical barriers to entry and relevance to current and projected geopolitical and economic conditions. In addition to cyber insurance, the company’s seven specialty lines include transactional liability, political risk, political violence, environmental liability, financial institutions, and professional liability.
Source: Mosaic Insurance
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Mosaic Insurance is set to enhance its cyber-risk capacity to US$25 million/C$40 million per risk in Canada, effective January 1, 2026. This significant increase allows the specialty insurer to better meet the rising demand for cyber insurance across all provinces and territories.
The new limit more than doubles Mosaic’s previous capacity of US$10 million/C$15 million in the region, aligning Canada with Mosaic’s existing global levels. This move is crucial as it addresses a critical market gap in the Canadian cyber insurance landscape.
“This step-change in cyber capacity for Canada not only addresses a critical market gap, but also builds on Mosaic’s innovative approach to specialty insurance, delivering smarter, more flexible solutions for brokers and clients alike,” stated Brian Bonkoski, Mosaic’s global head of Cyber.
The increased capacity provides brokers and insureds with enhanced flexibility, enabling more resilient program design and improving the management of larger cyber risks. Ian Fraser, president & chief agent of Mosaic Insurance Services Canada, highlighted that Canada’s cyber insurance market has historically lagged behind the UK and US in terms of capacity. Most domestic carriers have been capped at $10 million, with only a select few reaching $15 million.
“By increasing Mosaic’s limit to US$25 million (C$40 million), we’re closing that gap and giving Canadian organizations access to larger, more efficient protection within their cyber insurance programs,” Fraser added.
Mosaic offers a comprehensive suite of primary and excess cyber products both in Canada and globally. These include security and privacy liability, business interruption, voluntary shutdown, cyber extortion, and tech errors and omissions coverage. The company serves a diverse range of industries, from manufacturing and retail to construction, financial services, and technology.
Recent enhancements to their offerings include coverage for certain GenAI risks, protection for digital asset businesses, and reinstatement options that allow for the purchase of automatic fresh limits of capacity if an incident depletes coverage or a capacity tower is exhausted.
Since its launch in February 2021, Mosaic has focused on underwriting across product lines that are selected for their high technical barriers to entry and relevance to current and projected geopolitical and economic conditions. In addition to cyber insurance, the company’s seven specialty lines include transactional liability, political risk, political violence, environmental liability, financial institutions, and professional liability.
Source: Mosaic Insurance
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