Algorithmic Insurance Services, Inc., the wholesale broker trading as LIRG, has secured a $15 million quota-share reinsurance arrangement for New York-based managing general agent DLT Alert, underpinning the launch of a new suite of embedded parametric cyber warranty products aimed at cybersecurity solution providers.The first programme is set to be launched next week, with the cover also extending across DLT’s growing pipeline of warranty offerings distributed through global channels.Moreover, DLT Alert’s warranties are designed to enhance the value proposition of cybersecurity companies by integrating financial safeguards associated with breaches occurring at third-party suppliers.Payouts are reportedly triggered when DLT Alert detects specific cyber breach activities at any of the warranty holders’ esteemed technology vendors or suppliers.

As an example, organisations that utilised CrowdStrike in conjunction with a supplier providing DLT Alert’s integrated protection may have qualified for compensation after the CrowdStrike outage in 2025.As per the announcement, reinsurance capacity is provided by Ocean Re via LIRG’s newly established binding authority agreement, alongside support from a panel of additional risk carriers.This includes Ensuro, the Bermuda-licensed, blockchain-driven insurance investment vehicle that focuses on embedded coverage solutions.

Nick Lamparelli, Chief Program Officer at LIRG, commented: “We back underwriting companies that venture to do risk transfer differently, and sit at the leading edge of change.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, added: “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.”.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.