Aon insurance broker is again in the news for having arranged an insurance solution for Metaco, the custody solution provider based in Switzerland. Aon was previously in the news for having facilitated crypto insurance coverage for Coinbase, Gemini and Curv.
The crypto insurance policy is backed by a panel of London based insurerers, whose names have been withheld. The values insured under the policy have also been withheld.
The insurance provides coverage against a laundry list of losses including the destruction of private keys caused by natural disasters and third-party hacks of hot wallets.
Metaco, based in Lausanne, is part-owned by Swiss telecoms giant Swisscom, Swiss national postal service, Swisspost and banking technology vendor, Avaloq.
Thus far, among the insurers, AIG, Chubb, Allianz and XL Group have been known to have participated either as a direct insurer or a re-insurer in the crypto insurance market.
