The latest update from Mosaic for you;
Mosaic Insurance will increase its cyber-risk capacity to USD$25 million/CAD$40 million per risk in Canada effective 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 USD$10M/CAD$15M CAD 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 innovative approach to specialty insurance, delivering smarter, more flexible solutions for brokers and clients alike,” said Mosaic’s Global Head of Cyber Brian Bonkoski.
The added capacity provides brokers and insureds with greater flexibility, enables more resilient program design, and enhances how larger cyber risks can be managed.
“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 reaching $15 million,” noted Ian Fraser, President & Chief Agent, Mosaic Insurance Services Canada. “By increasing Mosaic’s limit to USD$25 million (CAD$40M), we’re closing that gap and giving Canadian organizations access to larger, more efficient protection within their cyber insurance programs.”
Mosaic offers a suite of primary and excess cyber products in Canada and globally, including security and privacy liability, business interruption, voluntary shutdown, cyber extortion, and tech errors and omissions coverage to industries ranging from manufacturing and retail to construction, financial services, and technology. Recent innovative additions include cover for some GenAI risks; protection for digital asset business; and reinstatements 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 projected geopolitical and economic 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.
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