Bermudian-based Mosaic Insurance has launched a suite of specialised financial institutions products, offering $25 million in investment management insurance, blended with cyber and other coverage for asset managers, funds, and associated directors.

The global company said its new asset manager form combines professional indemnity, IMI, directors and officers, crime, and cyber coverages for managers and their funds.

Clients can choose fully blended or stand alone limits available on a modular basis.

Coverage highlights include first-party cyber coverage; broad mitigation and cost of correction coverage; and broad third-party crime coverage.

Separate fund D&O wording is also available on an open-market basis, or via Mosaic’s online portal.

“Asset managers are operating in an increasingly complex environment, navigating the challenges of market volatility, elevated interest rates, and continued threats of economic recession,” said Tom Dilley, Mosaic’s global head of Financial Institutions.

“Mosaic is delighted to release a product suite tailored for these professionals, coupling our market-leading claims and underwriting service with a broad mixture of products, combining traditional IMI coverages with first-party cyber coverage.”

James Tuplin, head of International, Cyber, at Mosaic, said: “This is another great example of Mosaic’s cross-team collaboration, in this case, Financial Institutions and Cyber divisions working together seamlessly and proactively to provide our clients with access to truly blended insurance cover.

“Our approach ensures all their needs are met in one place by one insurer.”