Mosaic Insurance has appointed Stavan Desai as Senior Vice President (SVP), M&A Team Leader and Katherine Spenner as SVP, Chief Legal Officer, M&A as the new insurer builds out its transactional liability team in the United States.
Both will be based in New York and report to William Monat, a prominent market leader who was appointed Global Head of M&A last month.
Desai was previously a senior underwriter for AIG, with a focus on transitional risk insurance for complex M&A and secondary transactions.
Prior to that role, he served as a senior attorney at Schulte Roth & Zabel, where he concentrated his domestic and cross-border practice on private equity, M&A, leveraged buyouts, and alternative asset management transactions.
Spenner previously served as a senior transactional risk insurance underwriter at Everest Insurance. She will play an integral role in leading innovative and consistent underwriting execution across the M&A insurance portfolio at Mosaic.
She brings just under 10 years’ of experience representing public and private-equity clients in a wide range of complex domestic and cross-border M&A transactions at White & Case and Torys.
Monet commented: “Stavan and Katherine bring impressive track records and expertise in the M&A sphere, and we’re delighted to welcome them to Mosaic.
“Highly skilled and thoughtful execution is critical in the M&A insurance sector, and they each bring deep expertise that will be instrumental to our success as we build our transactional risk business.”
Desai commented: “I am excited and humbled to have the opportunity to join the innovative team at Mosaic and build a leading transactional risk business. I look forward to collaborating with the expert team to provide our clients and partners with tailored solutions to meet the demands of a fast-paced M&A marketplace.”
Spenner added: “I am incredibly honoured to join the Mosaic team. I am confident Mosaic’s entrepreneurial approach and focus on talent and innovation will position us well to quickly establish ourselves among market leaders in the specialty insurance space.”
