ChainCatcher news, according to CoinDesk, cryptocurrency insurance company Evertas has acquired Bitcoin mining insurance company Bitsure, with the specific acquisition amount not disclosed. As part of the deal, Bitsure co-founder and president Thomas Shewchuck joins Evertas as the head of underwriting.

ChainCatcher news, according to a report by Reuters, London-based Arch Insurance International has authorized Evertas to increase its underwriting limit for a single policy aimed at cryptocurrency custodians and exchanges from $5 million to $420 million to promote risk management in the cryptocurrency industry.According to the crypto data platform RootData, Evertas is a Chicago-based crypto asset insurance company that focuses on providing comprehensive crypto risk coverage for institutional holders of crypto assets and blockchain technology. In December last year, Evertas announced the completion of a $14 million financing round led by Polychain Capital. (Source link)

ChainCatcher news, cryptocurrency insurance company Evertas has completed a $14 million funding round, led by Polychain Capital, with participation from Sino Global Capital, CMT Digital Ventures, Foundation Capital, Morgan Creek, Bloccelerate, network0, Matrixport, and HashKey. Individual investors include Balaji Srinivasan, Andrew Keys, Colleen Sullivan, Patrick McDonald, and David Roebuck.Evertas CEO J. Gdanski stated that Evertas has been in communication with the U.S. Securities and Exchange Commission (SEC) about how insurance can serve as an effective agent for regulating rapidly evolving technologies like cryptocurrency. (Source link)