"Custody insurance plays a vital role in protecting consumer assets stored by third-party custodians and is an essential tool in the successful operation of many digital asset companies."
- Neil Daly, Lockton UK head of asset protection
Lockton’s new custody insurance facility will provide full access to London market capacity and feature a streamlined custody insurance underwriting process as well as the flexibility required to incorporate various limits and cost structures.
Commenting on the launch, Neil Daly, Lockton UK head of asset protection, has said:
“Historically, securing that coverage has been difficult, often requiring complicated underwriting processes and the involvement of third-party surveys.
“Our new custody insurance facility makes it easier for companies operating in the digital asset ecosystem to build robust custody insurance programmes, enabling them to better protect valuable digital assets and effectively serve their customers.”
Sarah Downey, Lockton UK head of global emerging asset protection, added that the facility represents a “step forward” in insurance coverage for businesses within the realm of digital asset custody.
