Liberty Specialty Markets launches crypto insurance for financial institutions
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched a new insurance product tailored for financial institutions operating in the cryptocurrency market.
The product was developed in response to growing demand from the financial sector, which faces ongoing uncertainty due to rapid macroeconomic, regulatory, and technological changes—such as the rise of digital banking and cryptocurrencies.
It is designed for European crypto-asset service providers, particularly those compliant with the EU’s Markets in Crypto-Assets directive—a framework aimed at creating uniform rules and stronger investor protections.
Coverage includes risks related to professional liability, management errors, theft, and…
