MANAGING GENERAL UNDERWRITERS
Tera Underwriters
Specialty insurance capacity purpose-built for covering industrial-scale computing hardware at cryptocurrency mining and AI/HPC data center facilities.
Tera Underwriters bridges the gap between traditional specialty insurance markets and the rapidly evolving digital infrastructure sector. Built for the long term, our platform is structured to offer robust, reliable capacity for the specialized hardware that powers the digital economy. We utilize a proprietary loss settlement methodology that aligns premium with actual computing capacity output, helping protect both the insurer and the insured from extreme market volatility and technological obsolescence. By collaborating with leading technical assessment and salvage experts, Tera Underwriters delivers objective, data-driven underwriting and may assist in claims adjudication for the world’s most advanced data centers.
Specialty Expertise
- Cryptocurrency Mining Hardware (ASICs)
- Artificial Intelligence and High-Performance Computing (AI/HPC) GPU Clusters
- Associated Networking and Infrastructure Equipment
- Compute Output Valuation and Loss Settlement Methodology
Products
Mining, Inference & Network Technology (“MINT”) Hardware Coverage Policy Form
Target Profile
- Industrial-scale cryptocurrency mining operations
- AI/HPC data center facilities
- Operations with robust physical compartmentalization and fire protection controls
- Facilities located worldwide, unless in countries or territories subject to OFAC sanctions or KYC/AML jurisdictional laws
Available Coverage
Deployable lead capacity of $625M for computing hardware
Tera Underwriters is a part of Ryan Specialty Underwriting Managers (RSUM). Tera Underwriters’ operations are conducted through multiple legal entities, the choice of which depends on where the entities are authorized to operate. In the US, Tera Underwriters is a series of RSG Underwriting Managers, LLC, a Delaware limited liability company based in Illinois (in California: RSG Insurance Services, LLC (License #0E50879)). In Canada, Tera Underwriters is a tradename of Ryan Specialty Canada Limited. In the UK and Europe, Tera Underwriters and Tera Underwriters UK are trading names of Ryan Specialty Underwriting Managers International Limited (RSUMIL) and Ryan Specialty Europe GmbH. RSUMIL is incorporated in England and Wales with Registered Office at 6th Floor, 25 Fenchurch Avenue, London EC3M 5AD. RSUMIL is authorised and regulated by the Financial Conduct Authority, under FRN 582862. Ryan Specialty Europe GmbH (HRB 181011) is licenced by the Hamburg Trade Chamber (Handelskammer Hamburg) with Registered Office at Hohe Bleichen 8, 20354, Hamburg, Germany, and UK Branch Office at 6th Floor, 25 Fenchurch Avenue, London EC3M 5AD (FRN: 1004180, Branch Number: BR025891, Registered Company Number: FC040776). For further information on how Tera Underwriters operates across jurisdictions, please see the organization’s International Operating Model. The legal entities identified herein are subsidiaries of Ryan Specialty, LLC. Tera Underwriters works directly with brokers, agents and insurance carriers, and as such does not solicit insurance from the public. Some products may only be available in certain jurisdictions, and some products may only be available from surplus lines insurers. ©2026 Ryan Specialty, LLC
