Qubit Underwriting has been approved as a Lloyd’s coverholder by Canopius to offer digital asset insurance in the Asia-Pacific region.  

Qubit says its expertise in blockchain technology and insurance allows it to provide customised “Web3 ecosystem” cover.  

It will distribute digital asset insurance products from Hong Kong under the new agreement.

Qubit says the partnership highlights its experience in the crypto market.  

“Our new status will allow us to extend market-leading insurance coverage to various participants in the digital asset space, including custodians, exchanges and investment managers,” CEO Helen Ye said.

Qubit offers institutional clients digital asset custodial insurance, including both specie and crime, covering the operational risks of digital asset wallets and corporate liability.

Canopius head of specie Nicholas Edwards says endorsing Qubit as a coverholder will help the pair understand the risks clients face, and deliver tailored solutions.

Canopius has underwriting operations in Australia, Bermuda, China, Singapore, the UK and US.