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News Explorer — Evertas Offers $420M Crypto Insurance Policy for Custodians—The Largest Ever

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Jun 2, 2:23 pm

Reuters

Evertas Offers $420M Crypto Insurance Policy for Custodians—The Largest Ever

London-based Arch Insurance International has authorized Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges, the highest in the industry. This is expected to help ease concerns on hacks and thefts that have plagued the crypto sector, as only 2-3% of global cryptoassets are believed to be insured.

London-based Arch Insurance International has authorized Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges, the highest in the industry. This is expected to help ease concerns on hacks and thefts that have plagued the crypto sector, as only 2-3% of global cryptoassets are believed to be insured.

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