Log In

Reset Password

Mosaic Insurance to provide a lead-line for Incyde Risk

Mark Wheeler, co-CEO of Mosaic Insurance (File photograph)

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.

You must be Registered or to post comment or to vote.

Published May 29, 2024 at 5:42 pm (Updated May 29, 2024 at 8:12 pm)

Mosaic Insurance to provide a lead-line for Incyde Risk

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon