Mosaic insurance Rаіѕеѕ Cyber Capacity tо US$25M in Cаnаdіаn Mаrkеt

Mosaic Insurance Expands Cyber-Risk Capacity in Canada: Meeting the Demands of a Digital Era

                Mosaic Insurance has announced a major increase in its cyber-risk capacity for Canadian clients, raising coverage limits to US$25 million (C$40 million) per risk effective January 1, 2026. This move reflects a growing recognition of the escalating cyber threats facing organizations across industries and positions Mosaic as a leading specialty insurer capable of addressing large-scale exposures with innovative solutions.

                The new limits more than double the company’s previous Canadian capacity of US$10 million (C$15 million) per risk, bringing local coverage in line with Mosaic’s existing global capabilities. According to Brian Bonkoski, Mosaic’s global head of Cyber, “This step-change in cyber capacity for Canada not only addresses a critical market gap, but also reinforces Mosaic’s innovative approach to specialty insurance, delivering smarter, more flexible solutions for brokers and clients alike.”

                This increase in capacity allows brokers and insureds to design more resilient insurance programs, expand the range of risks that can be managed, and improve overall operational flexibility. With cyber threats becoming more sophisticated and frequent, the expanded coverage offers organizations a critical tool for risk mitigation and operational continuity.

Addressing Gaps in the Canadian Cyber Market

                Canada has historically lagged behind the United States and the United Kingdom in terms of cyber-insurance capacity. Most domestic carriers have capped coverage at around US$10 million, with only a handful reaching US$15 million. This limitation has restricted the ability of Canadian businesses to secure comprehensive protection for high-value digital assets and operational risks.

                Ian Fraser, President and Chief Agent of Mosaic Insurance Services Canada, emphasized the significance of this capacity increase: “By raising Mosaic’s limit to US$25 million (C$40 million), we are closing that gap and giving Canadian organizations access to larger, more efficient protection within their cyber insurance programs.”

                The move demonstrates an understanding of market needs and a proactive approach to addressing emerging risk exposures. Larger organizations and high-tech firms often face potential losses far exceeding legacy coverage limits. By expanding capacity, Mosaic enables these clients to secure protection aligned with their operational realities and risk appetite.

Mosaic’s Suite of Cyber Products

                Mosaic offers a comprehensive range of cyber insurance products both in Canada and globally. Their portfolio includes coverage for security and privacy liability, business interruption, voluntary shutdown, cyber extortion, and technology errors and omissions. These policies are tailored to a wide spectrum of industries, including manufacturing, retail, construction, financial services, and technology sectors.

                Recent enhancements to the product suite include coverage for certain Generative AI risks, protection for digital asset businesses, and reinstatement options that allow automatic renewal of limits if a cyber incident exhausts coverage or a capacity tower runs out. These features provide flexibility and adaptability, allowing organizations to manage large-scale or unforeseen losses without jeopardizing overall risk programs.

                Launched in February 2021, Mosaic’s specialty lines focus on high-technical-barrier products that are relevant to current and projected geopolitical and economic conditions. In addition to cyber, the company offers coverage for transactional liability, political risk, political violence, environmental liability, financial institutions, and professional liability. These specialty lines are designed for organizations that require sophisticated risk solutions, combining technical expertise with global market insight.

Responding to Escalating Cyber Threats

                The increase in cyber-risk capacity reflects broader trends in the risk landscape. Cyberattacks are becoming more frequent, sophisticated, and impactful, targeting critical infrastructure, financial systems, and sensitive data. Organizations that fail to secure adequate insurance coverage risk catastrophic financial loss and reputational damage.

                By expanding capacity, Mosaic positions itself to underwrite high-exposure cyber risks that were previously uninsurable or inadequately covered. This strategic approach not only addresses the immediate need for larger limits but also enhances long-term risk management practices for clients. Organizations can now implement broader security protocols and invest in preventive technologies, knowing that their coverage can support potential losses across multiple layers of exposure.

                Moreover, the Canadian cyber insurance market is maturing rapidly. As businesses recognize the operational and financial risks posed by digital transformation, demand for higher limits and innovative policy structures is growing. Mosaic’s capacity increase meets this demand head-on, providing a scalable solution for organizations of all sizes.

Supporting Brokers and Clients

                Brokers play a pivotal role in helping organizations navigate complex cyber-risk exposures. Mosaic’s expanded capacity empowers brokers to structure more comprehensive insurance programs, align coverage with client risk profiles, and offer more tailored solutions.

                “Brokers can now leverage larger capacity to design resilient, multi-layered programs that match the scale and complexity of modern cyber threats,” Bonkoski explained. “This approach ensures that clients are not only compliant with industry standards but also have the confidence to pursue innovative business strategies without undue risk.”

                The added flexibility also enables brokers to structure coverage across multiple risks and entities, ensuring continuity in the event of large-scale incidents. By providing these advanced tools and options, Mosaic strengthens its partnerships with brokers, fostering trust and collaboration in the marketplace.

The Strategic Importance of Specialty Insurance

                Specialty insurance plays an increasingly critical role in protecting organizations from complex risks that traditional policies cannot fully address. Cyber risk, in particular, intersects with operational continuity, regulatory compliance, and reputational management. As a result, insurers must combine deep technical expertise, rigorous underwriting, and innovative policy design to provide effective solutions.

                Mosaic’s approach highlights the value of strategic risk management. By offering higher limits, flexible reinstatements, and coverage for emerging threats like AI-driven risks and digital asset exposures, Mosaic ensures that organizations can mitigate potential losses while supporting business growth. These solutions are designed to complement other enterprise risk measures, from cybersecurity investments to business continuity planning.

                Furthermore, Mosaic’s global perspective allows it to anticipate evolving threats and tailor coverage for local regulatory and market conditions. This alignment of global expertise with regional market needs underscores the growing importance of risk-adaptive insurance strategies.

Looking Ahead: The Future of Cyber Insurance in Canada

                The expansion of Mosaic’s cyber-risk capacity marks a significant milestone for the Canadian insurance market. It demonstrates a proactive, client-focused approach that addresses both the scale and complexity of modern cyber threats. Organizations now have access to coverage that is not only sufficient in size but also adaptable to dynamic and evolving risks.

                Moving into 2026, the market will likely see further innovations in policy design, risk assessment, and coverage structures. Mosaic’s strategy sets a precedent for how specialty insurers can respond to these challenges—by anticipating client needs, embracing emerging technologies, and offering flexible, scalable solutions.

                For Canadian businesses, this development represents an opportunity to strengthen resilience, improve risk governance, and secure long-term operational continuity. By integrating advanced risk management strategies with enhanced insurance programs, organizations can navigate the uncertainties of the digital era with confidence.

                Mosaic Insurance’s increase in cyber-risk capacity in Canada to US$25 million (C$40 million) per risk is a transformative step for the market. It addresses long-standing coverage gaps, empowers brokers to deliver more sophisticated programs, and enhances organizational resilience against evolving cyber threats.

                With a comprehensive suite of specialty products, reinstatement options, and coverage for emerging risks like AI and digital assets, Mosaic ensures that Canadian businesses can secure robust, flexible protection aligned with modern operational realities. This expansion highlights the strategic role of specialty insurance in supporting growth, mitigating risk, and preparing organizations for the challenges of the coming years.

                As cyber threats continue to escalate in frequency andcomplexity, Mosaic’s approach provides a model for insurers aiming to meet client needs while navigating a rapidly evolving risk landscape. By combining technical expertise, strategic foresight, and flexible policy design, Mosaic sets the standard for future-ready cyber insurance solutions in Canada and beyond.

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