A loss half, read closely
$2.1bn stolen across 75 incidents in H1 2025. What the pattern says about where exposure concentrates.
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Primers on risk, custody, and the London market.
Plain-English notes for people who actually carry the risk. No brochure language — the editorial archive a specialist desk is meant to grow into.
Cold versus hot: where the cover actually sits
Why offline storage lives in the specie market and connected wallets sit in crime — and what that means for your limit.
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Reading the D&O exclusions, after FTX
Broad crypto and regulatory exclusions are now standard. What to look for in Side A/B/C before you sign.
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What underwriters actually ask for
Multi-sig, MPC sharding, withdrawal whitelisting, segregated custody — the controls that move your rate.
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Specie, from bullion to bytes
A 300-year-old market for irreplaceable value, extended to cold-stored digital assets — how it adapted.
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Why 89% of digital assets are uninsured
It isn't appetite. It's access — finite capacity, aggregation limits, and a handful of syndicates who price it.
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Tell us how you operate. We'll return a structured view of what's coverable — in plain language, same business day.