Our story
Unity Cover was founded by a group from the team behind Nexus Mutual. Utilizing the existing infrastructure of Nexus Mutual, we’re able to access enormous amounts of crypto capital which we use for underwriting our cover.
With more experience in the crypto industry than nearly anyone, we know exactly what the risks are. This unique position allows us to underwrite covers that the worlds’ largest insurers cannot.
At Unity Cover we offer competitively priced protection for validator slashing, directors and officers (D&O), smart contract risks, cyber crime and real world risks like wildfire.
Hugh Karp, CEO
“I started Unity Cover because we saw a massive need for capacity in underserved insurance niches. Specifically, Ethereum slashing, wildfire, cyber policies and earthquake risks. We’re trying to do what nobody else could.”
- Founder at Nexus Mutual, 2018 – present
- 15+ years insurance experience
- Previously: MunichRe CFO Life, UK & Ireland
Why it’s important
Traditional insurance markets are facing unprecedented shortages in capital, resulting in significantly lower capacity for policies.
Customers are unable to access the policies that they need through traditional brokers, but the risks still exist. Unity Cover bridges the gap between crypto and the real-world. Bringing much needed capacity to industries that are underserved, by offering competitively priced cover products.
Hugh Karp
Founder, CEO
Ricky Tan
Head of Business Development
Jack Prenter
Head of Partnerships