The latest news from the US market for you;

Innovative wholesale broker Algorithmic Insurance Services, Inc., doing business as LIRG, has provided a $15 million quota-share reinsurance to DLT Alert, the New York based MGA, in support of new embedded parametric cyber warranty programs for cyber security solution system suppliers. The first such program is set to be launched next week. The reinsurance will further apply to DLT’s pipeline of embedded warranty offerings across global distribution channels.

DLT Alert warranties enhance the attractiveness of cyber security companies by adding compensation for breaches at third-party suppliers. Payment is made when DLT Alert detects certain cyber breach activity at any of the warranty holders’ highly rated technology vendors or suppliers. For example, businesses that use CrowdStrike and deploy a supplier that delivers DLT Alert’s embedded cyber protection could have received a payout following the CrowdStrike outage incident in 2025.

Capacity is provided by Ocean Re under LIRG’s new binding authority agreement with the reinsurer, and by a panel of additional risk carriers including Ensuro, the Bermuda-licensed, blockchain-driven insurance investment vehicle focused on embedded coverages.

“We back underwriting companies that venture to do risk transfer differently, and sit at the leading edge of change,” said Nick Lamparelli, Chief Program Officer at LIRG. “DLT Alert is one of those. They have seen ways that cyber security and the transfer of cyber risk could be improved, and executed on their vision though an AI-driven, API-linked technology platform that smoothly delivers loss payments within 24 hours of loss verification. Their parametric product is a revolutionary advance in cyber risk transfer.”

DLT Alert CEO Brian Waltermire said: “Our Cyra platform uses real-time, verified cybersecurity telemetry as the trigger mechanism for cyber warranty coverage that is far more precise, observable, and controllable than conventional cyber insurance. DLT Alert creates improved outcomes for our end customers because the more cyber services they use, the better the coverage they can receive. It’s a living, breathing policy.”

LIRG Chief Executive Mark Groenheide said: “This is exactly the kind of innovation I created LIRG to support. Brian and his team at DLT Alert have used a parametric structure to close a coverage gap, and to help businesses run more smoothly in our tech-driven world. Old-fashioned insurance worked well to cover sunken ships and burned-down factories, but as technology penetrates business relationships at every level, new risks have emerged that conventional insurance simply cannot handle. At LIRG, we are ensuring that insurance moves ahead at the speed of technological change.”