Aon, Lloyds of London lead growing crypto insurance industry
Lloyds of London has become a major player in the crypto insurance sector, facilitating a $255 million policy for Coinbase, a $100 million policy for crypto custodian BitGo and more.
Lloyds of London has become a major player in the crypto insurance sector, facilitating a $255 million policy for Coinbase, a $100 million policy for crypto custodian BitGo and more.
Coinbase apparently considering introducing a “captive insurance company,” which would be launched through a partnership with the Aon insurance brokerage firm.
Citing the high risk and cost of insuring cryptocurrency businesses, South African insurer Old Mutual has called it quits on the industry.
Anchorage is giving its customers something many cryptocurrency holders and traders repeatedly request.
Looking to make the insurance subrogation process less time intensive and full of paperwork, State Farm and the USAA have turned to blockchain technology.
Coinbase recently explained their extensive cryptocurrency insurance, giving the world a better understanding of how a professional outfit protects its customers.
Branding China Group is a trading and asset management firm that is known for its technology investments, but has been diversifying into the blockchain sector recently.
Crypto services firm BitGo has been accused of using ‘ambiguous language’ when describing its new insurance coverage.
Custodial assets held by BitGo are covered by the Lloyd’s insurance market up to the value of $100 million, with the firm itself covered by a variety of policy types to its customers.
Lloyd’s of London began underwriting insurance coverage for certain cryptocurrency assets last year when it introduced a plan for Kingdom Trust out of the U.S.
The National Transport Insurance (NTI) has begun a partnership with BeefLedger to create an end-to-end tracking of beef exports in the country.
Sompo, a Japanese insurance company, has partnered with BitPesa, a pan-African digital payment platform, as part of its bid to increase the company’s global presence.