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Mosaic activates more capacity to meet transactional liability risks

18th February 2022 - Author: Matt Sheehan

Specialty insurer Mosaic Insurance is looking to activate further global capacity to meet transactional liability risks, as a growing consortia of industry partners joins its syndicated capital program.

The specialty insurer will underwrite transactional risks for several new trade-capital partners, among them, HDI Global Specialty, Verto Syndicate 2689, and IQUW Syndicate 1856.

The partnership drives Mosaic capacity in the sector from $25 million to $41 million in North America, and to $36 million through the rest of the world.

Under the program, brokered by Acrisure, Mosaic deploys proprietary capital through its own Syndicate 1609, alongside partner capacity contributed by carriers seeking to leverage its underwriting expertise and distribution matrix.

“This is an important milestone for Mosaic in a line of business that has witnessed record-breaking demand over the past year,” said Mosaic’s Chris Brown, EVP, Syndicated Capital Management.

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“The transactional liability market requires deep underwriting expertise, so the caliber of our team, coupled with the broad regional market access our structure provides, enables us to develop attractive portfolios for our partners. We expect to see steady capacity growth through the program in this and other business lines.”

Mosaic first began underwriting mergers and acquisitions (M&A) coverage in the US last July, including representations and warranties insurance (RWI) and tax liability insurance.

In November, Mosaic launched its UK division, and has built out teams in both New York and London, expanding to a total of 21 transactional liability specialists.

“Our syndicated offering allows Mosaic to serve broker partners and clients at a time of significant demand for specialized underwriting to support M&A transactions,” said Bill Monat, Global Head of Transactional Liability at Mosaic.

“Our team is committed to providing responsive and thoughtful execution to meet deal timelines and facilitate transactions across geographies.”

Mosaic launched its syndicated program in Q4 last year, providing capacity across its six business lines, also including cybersecurity, political risk, political violence, financial institutions, and professional liability.

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