Crypto custody firm Copper inks $500M insurance deal with UK giant Aon
2022/11/09 07:19
The cover was organized by Aon (AON), the largest U.K. insurer by market cap, using a panel of insurers led by Canopius, a Lloyd’s of London syndicate, according to the statement.
The growth in the value of digital assets in recent years has led to increased demand for cold storage, and generated the means to protect crypto assets offline, particularly as institutional adoption of the new asset class has expanded, Copper said. The insurance will provide cover against employee collusion, third-party theft and physical loss of or damage to digital assets looked after by the company.
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