Mosaic Insurance has begun underwriting transactional liability coverage in the US amid the current upsurge in mergers and acquisitions activity.
Launched with a maximum initial capacity of $25 million per risk, Mosaic’s product line includes Representations and Warranties Insurance, a staple for private equity and strategic buyers and sellers in M&A deals.
“The transactional liability business has been a cornerstone of our specialty strategy from the start,” said Mosaic Co-Founder and Co-CEO Mitch Blaser.
“Our leadership and M&A team are known for their deep expertise and a market-leading heritage in this field—and the timing couldn’t be better, with current appetites and opportunities for acquisitions on the rise.”
“We’re excited to enter the market at a time when there’s a real need for both additional underwriting capacity and deep experience in this sphere,” said Mosaic’s Global Head of M&A William Monat.
“The upswing in deal activity began late last year and continues to heat up, thanks to available capital, motivated buyers and sellers, and significant pent-up demand,” he said.
“We look forward to building our M&A portfolio, starting in the US, and expanding globally later this year.”
“We see immediate opportunity to provide tailored solutions for middle-market M&A transactions which can be lost in the shuffle of unprecedented deal volume in the US,” said Desai. “The sector is on track for a record-setting year of private-equity and strategic deal activity.”