Crypto Insurance Firm Evertas Wins Lloyd’s of London Approval

Crypto Insurance Firm Evertas Wins Lloyd’s of London Approval
Evertas, an insurance platform focused on the cryptocurrency space, has been granted approval to call itself a Lloyd’s of London coverholder.Something of a coup for a crypto firm, coverholders are specialty insurance providers authorized by Lloyd’s, the 336-year-old general insurance market, to write and service policies covering risk in various geographies or niche sectors.It makes Evertas the first coverholder at Lloyd’s to specifically cover digital wallet products and write policies on behalf of Lloyd’s syndicate member Arch Insurance, which also served as sponsor of the Evertas coverholder application.Read more: Morgan Creek Leads $2.8M Seed Round for Crypto Insurance Upstart EvertasThe…