Mosaic Insurance to provide a lead-line for Incyde Risk
Bermudian-based Mosaic Insurance is to provide a lead-line for Incyde Risk, a new cyber facility powered by Safe Security.
Safe Security said the new facility would provide up to $25 million in capacity on a primary and first-excess basis, with a lead-line by Mosaic 1609, and other participating Lloyd's syndicates, to mid-market US corporate risks.
"The partnership is profound, as it pairs expert underwriting with highly specialised risk assessment and quantification," said Mark Wheeler, co-chief executive of Mosaic.
"Safe Security is the de facto industry standard to measure, manage, and transfer cyber-risk, and its resulting analytics allow enhanced risk selection combined with objective client differentiation.
“Such a dynamic scenario equips Incyde Risk to deliver preferential coverage and pricing that reflect individual clients' demonstrable commitment to cybersecurity."
Incyde Risk, co-created with Safe Security, is focused on US companies with more than $100 million in revenue across financial services, retail, professional services, wholesale, and technology – the primary customer segment served by Safe.
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