Mosaic increases cyber capacity to USD$25M in Canada

Hamilton, Bermuda—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 in most jurisdictions. The company will also raise coverage limits to USD$25M in Bermuda and Dubai.

“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.

The information contained herein is for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product or service. Any description set forth does not include all policy terms, conditions and exclusions. Bound insurance policies, rather than summaries thereof, govern. Not all insurance coverages, products or terms may be available. US risks may be placed in the surplus lines market; surplus lines insurers do not participate in US state guaranty funds and coverage may only be obtained through duly licensed surplus lines brokers. Contact Mosaic or your broker for additional details.