Canopius selects Qubit as coverholder for digital asset insurance
P&C reinsurer Canopius has approved Qubit, a specialist managing general agent focusing on digital asset risks, as a coverholder to distribute its digital asset custody and crime insurance products from Hong Kong.
This marks the first time that Canopius is providing digital asset insurance in the Asia Pacific region in collaboration with another company.
Qubit is now the first and only domestic carrier in the Hong Kong market to offer products with the Lloyd's of London financial rating, the company stated.
Qubit CEO Helen Ye said: 'Achieving Coverholder status from Lloyd's is a milestone for Qubit. Distributing products on behalf of Canopius, long recognised as a market leader for innovation, is a further testament to the great strides we have made as a business. This approval positions us to better meet the needs of the market and reflects Qubit's dedication to the industry.
'Our new status will allow us to extend market leading insurance coverage to various participants in the digital asset space, including custodians, exchanges and investment managers."
Canopius head of Specie Nicholas Edwards said: 'We pride ourselves on innovation and developing solutions that address the needs of clients across the world. Endorsing Qubit as a Coverholder aligns us with a partner who shares this dedication to understand the risks clients face and to deliver tailored solutions to mitigate them.'
In December 2024, Canopius extended its partnership with WNS, aiming to strengthen its existing connections by implementing WNS' proprietary, technology-led solutions.
Canopius has underwriting operations in Australia, Bermuda, China, Singapore, the UK and the US.
It underwrites via Lloyd's Syndicate 4444, managed by Canopius Managing Agents, as well as Canopius US Insurance and Canopius Reinsurance, a Bermuda-based Class 4 Insurer.
"Canopius selects Qubit as coverholder for digital asset insurance " was originally created and published by Life Insurance International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
13 minutes ago
- Business Wire
Wallbox and Ensol Expand Partnership to Deliver Fast Charging Infrastructure in Texas, Florida, and Georgia
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global leader in electric vehicle (EV) charging and energy management solutions, today announced the expansion of its partnership with ENSOL EV, the e-mobility division of Texas-based Ensol Energy Solutions LLC. This next phase of the collaboration includes the deployment of Wallbox's Supernova DC fast chargers across key urban centers and transit corridors locations in Texas, Florida, and Georgia, three states experiencing rapid growth in EV adoption and charging demand. This strategic move builds on the existing relationship between the two companies, which began with ENSOL EV installing Wallbox's Pulsar line of AC chargers at residential and commercial sites. The new phase extends their partnership into DC fast charging for the first time, centered around Wallbox's Supernova charger, now certified under both CTEP and NTEP standards. ENSOL EV plans to pair the Supernova chargers with on-site renewable energy systems, integrating solar and battery storage to further both companies' shared focus on clean energy and long-term mobility solutions. The initial rollout will target high-traffic urban zones and regional transit corridors, where demand for fast, reliable EV charging continues to grow rapidly. 'This expansion is an exciting next step in our work with Ensol and brings our Supernova fast chargers to high-growth EV markets in the U.S.,' said Douglas Alfaro, Chief Business Development Officer at Wallbox. 'States like Texas, Florida, and Georgia are seeing accelerating demand for charging infrastructure, and we're proud to support that shift with reliable, certified fast charging solutions.' 'Our goal is to build charging infrastructure that not only enables electric mobility but is rooted in sustainability as the core of the entire concept,' said Ernesto Figueroa, CEO at ENSOL EV. 'Wallbox's Supernova chargers are a perfect fit for our projects, allowing us to integrate renewable energy and smart technologies seamlessly. We're proud to take this next step together.' Initial installations are scheduled to begin in the second half of 2025, with additional sites to follow through early 2026. The Supernova fast charger delivers up to 180 kW of power and includes integrated smart charging features for optimal energy distribution and uptime performance. About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company's headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit About Ensol ENSOL EV is the electric mobility division of Ensol Energy Solutions LLC, delivering turnkey EV charging solutions across the residential, commercial, and fleet sectors in the United States and Latin America. As part of its commitment to quality and innovation, ENSOL EV has selected Wallbox as its exclusive hardware partner for both Level 2 and DC fast charging solutions, ensuring customers receive cutting-edge, reliable technology backed by expert installation and support. Founded in 2021, ENSOL EV serves high-growth sectors including real estate developments, auto dealerships, and last-mile logistics, providing licensed, insured installation services optimized for the unique requirements of each of these segments. In Latin America, ENSOL EV is focused on deploying commercial fleet charging solutions integrated with solar generation and battery storage systems—offering a sustainable and resilient path to clean mobility. The company also leads the development of Greenera, its public DC fast charging network, which will deploy 500 Wallbox Supernova chargers in the coming years—starting with 100 chargers in its first year of rollout. Headquartered in Texas, ENSOL EV is building the infrastructure to power the future of clean transportation—one charger at a time. For more information, visit Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox's future operating results and financial position, long term profitability and costs optimization, business strategy and plans and market opportunity. The words 'anticipate,' 'believe,' 'can,' 'continue,' 'could,' 'estimate,' 'expect,' 'focus,' 'forecast,' 'intend,' 'likely,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' ''target,' will,' 'would' and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox's history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox's ability to successfully manage its growth; the accuracy of Wallbox's forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox's supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; occurrence of any public health crisis or similar global events as well as the other important factors discussed under the caption 'Risk Factors' in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the 'SEC'), accessible on the SEC's website at and the Investors Relations section of Wallbox's website at Any such forward-looking statements represent management's estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Yahoo
14 minutes ago
- Yahoo
Wallbox and Ensol Expand Partnership to Deliver Fast Charging Infrastructure in Texas, Florida, and Georgia
BARCELONA, Spain, June 12, 2025--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a global leader in electric vehicle (EV) charging and energy management solutions, today announced the expansion of its partnership with ENSOL EV, the e-mobility division of Texas-based Ensol Energy Solutions LLC. This next phase of the collaboration includes the deployment of Wallbox's Supernova DC fast chargers across key urban centers and transit corridors locations in Texas, Florida, and Georgia, three states experiencing rapid growth in EV adoption and charging demand. This strategic move builds on the existing relationship between the two companies, which began with ENSOL EV installing Wallbox's Pulsar line of AC chargers at residential and commercial sites. The new phase extends their partnership into DC fast charging for the first time, centered around Wallbox's Supernova charger, now certified under both CTEP and NTEP standards. ENSOL EV plans to pair the Supernova chargers with on-site renewable energy systems, integrating solar and battery storage to further both companies' shared focus on clean energy and long-term mobility solutions. The initial rollout will target high-traffic urban zones and regional transit corridors, where demand for fast, reliable EV charging continues to grow rapidly. "This expansion is an exciting next step in our work with Ensol and brings our Supernova fast chargers to high-growth EV markets in the U.S.," said Douglas Alfaro, Chief Business Development Officer at Wallbox. "States like Texas, Florida, and Georgia are seeing accelerating demand for charging infrastructure, and we're proud to support that shift with reliable, certified fast charging solutions." "Our goal is to build charging infrastructure that not only enables electric mobility but is rooted in sustainability as the core of the entire concept," said Ernesto Figueroa, CEO at ENSOL EV. "Wallbox's Supernova chargers are a perfect fit for our projects, allowing us to integrate renewable energy and smart technologies seamlessly. We're proud to take this next step together." Initial installations are scheduled to begin in the second half of 2025, with additional sites to follow through early 2026. The Supernova fast charger delivers up to 180 kW of power and includes integrated smart charging features for optimal energy distribution and uptime performance. About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company's headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit About Ensol ENSOL EV is the electric mobility division of Ensol Energy Solutions LLC, delivering turnkey EV charging solutions across the residential, commercial, and fleet sectors in the United States and Latin America. As part of its commitment to quality and innovation, ENSOL EV has selected Wallbox as its exclusive hardware partner for both Level 2 and DC fast charging solutions, ensuring customers receive cutting-edge, reliable technology backed by expert installation and support. Founded in 2021, ENSOL EV serves high-growth sectors including real estate developments, auto dealerships, and last-mile logistics, providing licensed, insured installation services optimized for the unique requirements of each of these segments. In Latin America, ENSOL EV is focused on deploying commercial fleet charging solutions integrated with solar generation and battery storage systems—offering a sustainable and resilient path to clean mobility. The company also leads the development of Greenera, its public DC fast charging network, which will deploy 500 Wallbox Supernova chargers in the coming years—starting with 100 chargers in its first year of rollout. Headquartered in Texas, ENSOL EV is building the infrastructure to power the future of clean transportation—one charger at a time. For more information, visit Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox's future operating results and financial position, long term profitability and costs optimization, business strategy and plans and market opportunity. The words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "focus," "forecast," "intend," "likely," "may," "might," "plan," "possible," "potential," "predict," "project," "should," ""target," will," "would" and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox's history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox's ability to successfully manage its growth; the accuracy of Wallbox's forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox's supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; occurrence of any public health crisis or similar global events as well as the other important factors discussed under the caption "Risk Factors" in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at and the Investors Relations section of Wallbox's website at Any such forward-looking statements represent management's estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. View source version on Contacts Wallbox PR Contact: Albert Cabanespress@
Indianapolis Star
19 minutes ago
- Indianapolis Star
Cerrado Gold Begins Underground Operations at Its Minera Don Nicolas Mine
Highlights: TORONTO, ONTARIO / ACCESS Newswire Cerrado Gold Inc. [TSX.V:CERT][OTCQX:CRDOF][FRA:BAI0] (' Cerrado ' or the ' Company ') is pleased to provide an update on the development of the Company's inaugural underground operation commencing underneath the high-grade Paloma pit at its Minera Don Nicolas Mine in Argentina ('MDN'). Earlier this week, the Company completed the initial blast to begin construction of the underground portal and progress the development of the underground mine over the coming months. The initial decline will be driven through the ore body and will provide nominal feed to the carbon in leach ('CIL') plant. Production from the underground is expected to ramp-up to reach steady state production by October this year. Additionally, the Company has now mobilized the initial drill rig to commence the previously announced 20,000 metre exploration drill program at MDN. The primary focus will be near surface, high-grade deposits that can provide feed to the CIL plant as well as expanding potential resources in and around the Las Calandrias heap leach project to add both high grade and heap leachable material. Underground drilling at Paloma will commence once the underground exploration platforms have been established. Mark Brennan, Executive Chairman, commented: 'The start of the underground operation is a key milestone for Cerrado's Argentinian operations; we now have the ability to produce from open pit, heap leach and underground operations. Not only will the underground operations contribute to production immediately, but it will also provide a platform for underground exploration, which remains completely open and largely unexplored at MDN.' Review of Technical Information The scientific and technical information in this press release has been reviewed and approved by Andrew Croal, Chief Technical Officer for Cerrado Gold, who is a Qualified Person as defined in National Instrument 43-101. About Cerrado Cerrado Gold is a Toronto-based gold production, development, and exploration company. The Company is the 100% owner of the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina. In Portugal, the Company holds an 80% interest in the highly prospective Lagoa Salgada VMS project through its position in Redcorp – Empreendimentos Mineiros, Lda. In Canada, Cerrado Gold is developing its 100% owned Mont Sorcier Iron project located outside of Chibougamou, Quebec. In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas ('MDN') operation through continued operational optimization and is growing production through its operations at the Las Calandrias heap leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff. In Portugal, Cerrado is focused on the development and exploration of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver, and gold. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209-hectare property concession. Located just 80km from Lisbon and surrounded by exceptional infrastructure, Lagoa Salgada offers a low-cost entry to a significant development and exploration opportunity, already showing its mineable scale and cashflow generation potential. In Canada, Cerrado holds a 100% interest in the Mont Sorcier high purity high grade DRI Iron Ore project, which has the potential to produce a premium iron ore concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high grade and high purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces, contributing to the decarbonization of the industry and the achievement of sustainable development goals. For more information about Cerrado please visit our website at: Mark Brennan CEO and Chairman Mike McAllister Vice President, Investor Relations Tel: +1-647-805-5662 mmcallister@ Disclaimer NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. This press release contains statements that constitute 'forward-looking information' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado, the Company's 2025 guidance including expected gold production, future growth, the goals of our planned underground exploration program, the expected timing of the strengthening of the 2025 production, the primary sources of the 2025 production, expectations regarding production at the underground operation. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. In making the forward-looking statements contained in this press release, Cerrado has made certain assumptions. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. SOURCE: Cerrado Gold Inc.
