Reinsurance News

evertas

Nick Selby to lead Evertas European Underwriting team

11th June 2024

Crypto insurance company Evertas has announced the appointment of Nick Selby, an accomplished information and physical security professional, as its new Head of European Underwriting. Selby brings to Evertas 20 years of expertise in public and private sector information security, physical security, and complex incident handling, as well as seven years ... Read the full article

Evertas acquires crypto mining insurer Bitsure

19th July 2023

Crypto insurance company Evertas has acquired Bitsure, an insurer dedicated to coverage for crypto mining operations. "Crypto mining is the computer processor intensive method by which most blockchains, including Bitcoin, verify transactions and issue new coins," Evertas explained. The firm continued, "Multiple factors combine to make insuring mining equipment significantly more complex ... Read the full article

Evertas increases coverage limits to $420m

6th June 2023

Crypto insurance company Evertas has announced an increase in coverage limits, as well as the addition of mining operations to its coverage portfolio. The insurer’s per-policy coverage limits on custodial crypto assets will increase to $420 million, “nearly tripling the amount of risk transfer previously available to blockchain focused projects,” according ... Read the full article

Evertas closes $14mn Series A round

14th December 2022

Crypto insurance company Evertas has announced the successful closure of a series A financing round. Led by Polychain Capital, the round raised $14 million, and in addition to a $5.8 million seed financing, this puts the company’s total outside investment at $19.8 million. In a press release, Evertas noted that it intends ... Read the full article

Evertas becomes Lloyd’s coverholder

4th February 2022

Lloyd’s of London has approved insurer Evertas to become one of its coverholders. This designation, said Evertas, will allow it to expand access to insurance products relating to cryptoassets. As a Lloyd’s coverholder, Evertas will provide insurance capacity to cryptoasset investors. J. Gdanski, CEO of Evertas, said: “The lack of insurance capacity ... Read the full article