# Qubit Underwriting > Digital asset and Web3 insurance MGA backed by Lloyd's of London capacity ## At a glance | Field | Value | | --- | --- | | Type | MGA | | Region | APAC | | Headquarters | Causeway Bay, Hong Kong | | Founded | 2023 | | Employees | 11-50 | ## Overview Qubit Underwriting is a Hong Kong-based MGA providing digital asset and Web3 insurance to institutional clients, licensed by the Hong Kong Insurance Authority in January 2024. The company underwrites custodial digital asset insurance (Specie and Crime coverage), Directors and Officers liability, and marine and energy insurance for cryptocurrency exchanges, digital asset custodians, family offices, funds, asset managers, and payment processors. Coverage is backed by S&P A-rated insurers including Lloyd's of London capacity via Canopius, for which Qubit was approved as a Coverholder in February 2025 -- the first digital asset insurance Coverholder in the Asia Pacific region. Reinsurance capacity is built in partnership with Guy Carpenter (a Marsh McLennan company). Qubit applies a proprietary underwriting framework that incorporates contextualized risk assessments for each Web3 business, drawing on an internal incident database of past crypto industry events. The company launched formally in Australia in May 2025 and integrates with digital asset custody infrastructure providers Fireblocks and METACO. ## Products & services ### Digital Asset Custodial Insurance Insurance for operational risks associated with digital asset wallets and custody operations, covering internal theft through employee collusion and external hacks or cyberattacks. Backed by Lloyd's of London capacity via Canopius. **Key features:** - Employee collusion \(internal theft\) - External hacks and cyberattacks - Specie and Crime policy forms - Underwritten via Lloyd's of London \(Canopius Coverholder\) *Target users:* Cryptocurrency exchanges, digital asset custodians, wallet solution providers, funds, asset managers, family offices *Distribution:* Direct to institutional clients ### Directors and Officers Liability D&O insurance covering legal costs from investigations or claims against companies, directors, or officers in the digital asset and Web3 sector. **Key features:** - Legal defence costs for regulatory investigations - Claims against individual directors and officers - Tailored for the Web3 regulatory environment *Target users:* Web3 companies, digital asset platforms, blockchain\-native businesses *Distribution:* Direct to institutional clients ### Marine and Energy Insurance Specialty insurance products for marine and energy risks, launched mid-2024. Led by Chief Underwriting Officer (Reinsurance) Long Xu. **Key features:** - Marine cargo and hull - Energy sector risks *Target users:* Marine and energy sector clients in Asia Pacific *Distribution:* Direct and wholesale ## Links - Website: - Directory profile: - Linkedin: --- *Last updated: 2026\-06\-05*