The underwriting limit of cryptocurrency insurance company Evertas has increased to $420 million

ChainCatcher news, according to a report by Reuters, London-based Arch Insurance International has authorized Evertas to increase its underwriting limit for a single policy aimed at cryptocurrency custodians and exchanges from $5 million to $420 million to promote risk management in the cryptocurrency industry.

According to the crypto data platform RootData, Evertas is a Chicago-based crypto asset insurance company that focuses on providing comprehensive crypto risk coverage for institutional holders of crypto assets and blockchain technology. In December last year, Evertas announced the completion of a $14 million financing round led by Polychain Capital. (Source link)