# Armilla Assurance > AI liability insurance for enterprises deploying generative AI and autonomous agents ## At a glance | Field | Value | | --- | --- | | Type | MGA | | Region | NA | | Headquarters | Toronto, Ontario, Canada | | Founded | 2020 | | Employees | 11-50 | ## Overview Armilla Assurance is an AI liability MGA and Lloyd's of London Coverholder providing standalone insurance coverage for enterprises deploying generative AI and autonomous agent systems. The company offers purpose-built policies addressing coverage gaps that exist in traditional insurance products when AI systems cause harm, including regulatory violations, data leakage, model errors, harmful outputs, and agent failures. Underwriting capacity is provided through a syndicate of A-rated global reinsurers and Lloyd's of London carriers, including Chaucer Group (lead capacity partner), AXIS Capital, Convex Insurance, Swiss Re, and Greenlight Re. Armilla's AI Liability Policy covers regulatory compliance failures under the EU AI Act, Colorado AI Act, and NYC Local Law 144, as well as data privacy incidents, model error liability, and AI-driven property damage, with limits of USD 25M or more per organization. The company serves AI scale-ups through Fortune 1000 enterprises across North America and internationally. Since its founding, Armilla has raised USD 31.84M across multiple rounds including a USD 25M growth round in January 2026, and is backed by Mistral Venture Partners, Betaworks, Y Combinator (S24 batch), and The Explorer Fund. The company also operates as a Lloyd's Lab graduate and has received recognition on the FinTech Global Insurtech100 and InsureTechConnect Forward50 lists. ## Products & services ### AI Liability Policy Standalone AI insurance product launched April 2025 covering the full spectrum of AI-related risk for organizations deploying generative AI or autonomous agents. **Key features:** - AI regulatory violations \(EU AI Act, Colorado AI Act, NYC Local Law 144\) - Data leakage and privacy incidents caused by AI systems - AI model error liability and harmful outputs from generative AI - AI agent failures and AI\-driven property damage - Defense costs and associated legal expenses *Target users:* Enterprises and scale\-ups deploying AI in production, from startups to Fortune 1000 companies *Distribution:* Direct to enterprise and through broker networks ### Vanguard AI \(Partnership Solution with Chaucer\) Coordinated insurance solution launched February 2026 combining cyber, technology, and AI-related liability within a unified framework. **Key features:** - Dedicated AI aggregate limits of USD 25M or more - Unified cyber, technology, and AI liability coverage - Structured through Lloyd's of London framework *Target users:* Enterprises requiring comprehensive AI risk coverage across multiple liability lines *Distribution:* Through Chaucer broker and wholesale network ### AI Performance Warranty Assurance product compensating organizations when AI systems fail to meet verified performance thresholds. **Key features:** - Compensation for AI system performance failures - Coverage tied to verified performance baselines - Addresses failure modes in generative AI and autonomous agents *Target users:* Enterprises with quantifiable AI performance requirements *Distribution:* Direct and broker channels ### AI Assessments & Risk Evaluation Risk evaluation services providing stress testing, red teaming, and third-party validation of AI systems. **Key features:** - AI system stress testing and red teaming - Third\-party validation against regulatory and industry standards - Informs underwriting decisions and policy eligibility *Target users:* Organizations seeking pre\-deployment AI risk assessment and underwriting support *Distribution:* Offered alongside insurance policies as bundled service ### AI Risk Hub Proprietary resource platform for policyholders and brokers providing AI litigation data and risk intelligence. **Key features:** - Access to proprietary AI litigation database - Risk intelligence resources for AI deployments - Regulatory and compliance guidance materials *Target users:* Armilla policyholders and insurance brokers *Distribution:* Included with active policy coverage ## Links - Website: - Directory profile: - Linkedin: - Company info: - Y combinator: --- *Last updated: 2026\-06\-12*