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Start-up insurer launches cyber liability coverage

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Yosha DeLong

Bermuda start-up insurer 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 lines chief.

In a statement Thursday, Mosaic, which officially launched as a specialty insurer in February, said it would offer cyber coverage and related services through underwriting teams in Chicago and London.

The insurer will offer primary and excess coverage to middle-market businesses and provide up to $10 million in limits for North American risks 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 underwriting in Chicago.

James Tuplin, who previously was 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 underwriting in London and Brian Dusek, who also came from Zurich, is vice president and head of cyber underwriting (US) in Chicago.