What Evertas does

Evertas is a Chicago-headquartered Managing General Underwriter (MGU) founded in 2017 (originally as BlockRe, rebranded in 2020) that builds regulated insurance and risk-mitigation products for crypto and adjacent digital-asset businesses. The company operates as a Lloyd's of London coverholder, the first cryptoasset insurer to hold that designation, allowing it to issue A+ (XV Superior) and A- (IX Excellent) rated policies backed by Lloyd's syndicates including Arch Insurance and Accelerant. Its technology stack centers on what it describes as the first scalable, cryptonative underwriting framework, a dedicated crypto policy application process, and a dedicated crypto claims team; underwriting and security functions are led by practitioners with backgrounds in institutional custody, blockchain consortia, and traditional re/insurance. Evertas distributes exclusively through appointed licensed insurance brokers and writes coverage on six continents, with offices in Chicago, Miami, Wilmington, and Hamburg.

Evertas offers six core insurance lines: Mining Property (up to $360M per declaration, covering physical damage and business interruption for industrial miners, hosting providers, and retail miners), Platform Failure / Tech E&O (up to $10M, addressing technology errors including slashing penalties), Crime Theft/Loss (external theft of digital assets across hot, warm, and cold wallet architectures), Insider Theft/Loss Fidelity (up to $360M for employee and contractor theft), Directors and Officers (up to $10M for crypto-exposed leadership), and Digital Property (NFTs and unique digital collectibles). In 2024 the company added on-chain premium payment via a partnership with Nayms on Ethereum, and it has extended its reach into AI infrastructure insurance, positioning its mining-property expertise to cover specialized AI compute hardware.

The business model is commission-based MGU economics: Evertas underwrites and services crypto-specific policies on behalf of capacity providers (Lloyd's syndicates, Arch, Accelerant) and is remunerated through carrier commissions built into premiums. Pricing is bespoke by risk profile, with minimum policy limits around $500,000 and headline per-incident limits up to $360M, the highest in the crypto insurance market. The customer base is overwhelmingly enterprise: industrial Bitcoin miners (Evertas states coverage of 70%+ of the world's top miners and operations representing 25% of Bitcoin hashrate), crypto custodians, exchanges (notably a 2025 consortium mandate for Hong Kong-licensed HashKey Exchange), investment funds, and family offices. Distribution is exclusively broker-led, supported by broker education and onboarding for crypto risk, while awareness is built through conference presence, content marketing, and earned media in crypto and security outlets.

Name

Evertas

Legal name

Evertas, Inc.

Website

https://evertas.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Evertas is a Chicago-based Managing General Underwriter and Lloyd's of London coverholder offering A+ rated insurance products for crypto miners, custodians, exchanges, funds, and AI infrastructure operators, distributed exclusively through licensed brokers across six continents.

Ownership category

akta.pro rank

Product category

Crypto Asset Insurance

NAICS

Finance and Insurance (52)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Crypto asset insurance
• Digital asset coverage
• Crypto mining insurance
• Custodial crime insurance
• Blockchain risk underwriting

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Insurance Premiums: Evertas operates as a Managing General Underwriter (MGU) earning commissions from insurance carriers. Revenue is generated through insurance premiums on crypto-related coverage including mining property, crime theft/loss, insider theft, platform failure, D&O, and digital property policies. Evertas is remunerated by commissions received from carriers which are an integral part of the premium.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels5 records

Core offering

Evertas is a Managing General Underwriter (MGU) that underwrites and distributes specialized insurance policies for crypto and digital asset risks, operating exclusively as a Lloyd's of London coverholder. It issues A+ rated policies covering mining property, platform failure/tech E&O, crime theft/loss, insider theft/fidelity, directors and officers, and digital property (NFTs) through a network of licensed insurance brokers, with per-incident limits up to $360 million.

Product overview

Evertas is the world's first company dedicated to crypto insurance, operating as a Managing General Underwriter (MGU) backed by Lloyd's of London with A+ rated policies. The company offers a suite of six specialized insurance products: Mining Property (protecting mining hardware against physical damage up to $360M), Platform Failure/Tech E&O (covering technology errors up to $10M), Crime Theft/Loss (protecting against external theft of digital assets), Insider Theft/Loss/Fidelity (covering internal theft up to $360M), Directors & Officers (protecting leadership against legal action up to $10M), and Digital Property/NFTs (covering digital collectibles). All policies are distributed exclusively through licensed insurance brokers and backed by Lloyd's of London and partner insurers including Arch Insurance and Accelerant.

Differentiator

Problem solved

Functional benefit

Products and services

• Mining Property Insurance Insurance policy protecting mining hardware and plants against physical damage, covering industrial miners, co-location providers, and retail miners with coverage limits up to $360 million per declaration.
• Platform Failure (Tech E&O) Insurance Insurance protecting against losses up to $10 million due to technology errors, including software or hardware malfunctions that can lead to penalties such as slashing in cryptoasset operations.
• Crime Theft/Loss Insurance Insurance protecting digital assets and cash stolen, lost, or damaged by external bad actors and attacks, covering private key management, business continuity, and disaster recovery across cold, warm, and hot wallets.
• Insider Theft/Loss (Fidelity) Insurance Insurance protecting digital and physical assets against theft, loss, or damage caused by internal employees and contractors, with coverage limits up to $360 million.
• Directors and Officers (D&O) Insurance Insurance protecting crypto company leadership against third-party legal action, covering directors' and officers' liability, company indemnification, and company liability up to $10 million.
• Digital Property (NFTs) Insurance Insurance protecting against loss or theft of digital possessions such as NFTs, using a policy framework that addresses price determination challenges considering each asset's unique price and rarity.
• Crypto Insurance Payment on Ethereum On-chain payment capability allowing policyholders to pay crypto insurance premiums in USDC or native crypto on the Ethereum blockchain for Lloyd's of London-backed Evertas policies.

Quantifiable outcome

• Covers more than 70% of world's top Bitcoin miners
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered major and core.

• HashKey ExchangemajorStrategic or Co-development Partner · 27 August 2025HashKey Exchange, a Hong Kong-licensed virtual asset trading platform, partnered with Evertas as part of a consortium including OneInfinity, Arch Insurance International, and Elmore to provide custodial insurance coverage. The partnership provides at least 50% coverage of custodial assets for 18 months, setting a new global industry record.
• NaymsmajorTechnology or Integration · 31 July 2024Evertas partnered with Nayms, a smart contract insurance provider, to enable Lloyd's of London backed insurance policies to be paid for natively on-chain using cryptocurrency via the Ethereum blockchain. This allows customers using public blockchain infrastructure to interact with regulated fiat-backed institutions seamlessly.
• BitsurecoreStrategic or Co-development PartnerEvertas acquired Bitsure, a crypto mining insurance pioneer, in July 2023. The acquisition combined both organizations' capabilities to create the undisputed leader in crypto mining insurance, with Evertas redoubling its commitment to protect crypto mining operations.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Coincover: Coincover provides theft protection and insurance-backed coverage for crypto assets held by individuals, institutions, and custodians, directly competing with Evertas in digital-asset insurance and recovery.
• Nexus Mutual: Nexus Mutual is a decentralized insurance protocol offering cover for smart-contract failures, custodial risks, and other crypto-specific events; it competes with Evertas for risk-transfer dollars in the same digital-asset categories.
• InsurAce: InsurAce is a crypto-native insurance protocol covering exchange hacks, smart-contract exploits, and custodial risks, competing in the same digital-asset insurance product categories as Evertas.

Broad incumbents

• Beazley: Beazley is a specialty Lloyd's-affiliated insurer that writes cyber and crime policies touching crypto businesses, representing a broader incumbent alternative for buyers comparing Evertas's niche products.
• Hiscox: Hiscox is a specialty insurer with cyber, crime, and D&O lines that overlap with Evertas's coverage set, particularly for crypto-exposed businesses seeking broader-portfolio policies.
• Munich Re: Munich Re is a global reinsurer with growing digital-asset exposure and the capital base to underwrite large crypto risks, sitting upstream of Evertas and competing at the syndicate level for crypto premium.

Emerging players

• BitGo: BitGo is a leading institutional crypto custodian that historically wrapped its custody with insurance; it is a partial competitor and a potential partner/customer for Evertas's crime and custody cover.
• Fireblocks: Fireblocks is an institutional digital-asset custody and transfer platform that integrates insurance offerings; it intersects with Evertas as both a distribution channel and an alternative for risk transfer.

Others

• Marsh: Marsh is a global insurance broker that places complex digital-asset risks; it is a key distribution intermediary for Evertas and competing MGUs rather than a direct underwriter.
• Accelerant: Accelerant is an insurance platform that provides capacity and data infrastructure to specialty MGUs, including Evertas's North American mining book; it is a capacity partner and platform peer to MGU competitors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/evertas
• LinkedInlinkedin.com/company/evertas
• Facebookfacebook.com/profile.php

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors23 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evertas