The insurance broker says that the facility provides up to US $825 million in insurance capacity and will support organisations with digital assets held offline
Based in Bermuda, Edgware Re engages with its members and allows participants to purchase up to US$10 million in insurance or reinsurance based on their needs.
The new consortium offers brokers lead line capacity up to US$75 million per vessel, addressing the growing need for lead capacity as the shipping industry moves towards greener solutions and expands naval construction.
The platform aims to improve facilitation, communications and support to strengthen the business relationship between Labuan IBFC and Chinese businesses.
The event, tailored to prospective captive insurance companies, has been hosted in more than 20 cities, including Mexico City.
The new investment, which increases CyberSaint's total funding to US $30 million, enables the business to accelerate market expansion and enhance its CyberStrong platform powered by artificial intelligence (AI) technology.
Agile anticipates writing £34.1m of gross written premium for the 2024 year of account, rising to £62.1m for the 2026 year of account
