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Ryan Specialty launches Tera Underwriters for crypto mining and AI hardware
The Lloyd’s-backed program targets industrial-scale computing equipment and can provide more than $1 billion of capacity per policy via a $625 million lead binder plus excess capital.
Ryan Specialty Underwriting Managers has launched Tera Underwriters, a specialty managing general underwriter focused on industrial-scale computing hardware used in cryptocurrency mining and AI and high-performance computing data centers, according to Coverager.
The Lloyd’s-backed program is designed to cover equipment including ASICs, GPUs, networking infrastructure and related assets. It can offer more than $1 billion of capacity per policy, using a $625 million lead binder alongside additional excess capital.
Tera Underwriters’ program is available in all 50 states exclusively through RT Specialty, which serves as a wholesale distributor of specialty insurance products and services and a wholesale broker for Ryan Specialty. International capabilities are expected in the fourth quarter of 2026.