Mosaic Insurance has announced the opening of an office in Frankfurt, Germany, to help drive the high demand for cyber and transitional liability coverage through Continental Europe.
The office marks the sixth for Mosaic since its launch last year, following those in Bermuda, London, New York, Chicago, and Toronto.
Cyber risk specialist Dennis Bertram joins the company as Director of Mosaic’s European entity and Head of Europe, Cyber.
The Frankfurt office also includes M&A specialist Eileen Siemer, who joins Mosaic’s international transactional liability team, and cyber specialist Aron Zeiler.
Mosaic also confirmed that it plans to further expand its presence in Frankfurt over the next 12 months by making more additional senior hires.
Bertram previously served as a cyber and crime product manager at Finlex, an insurtech specializing in financial lines, and as lead cyber underwriter for Germany, Austria, and Central and Eastern Europe (CEE) at AXA XL.
Bertram began his career at Catlin Europe, where he gained vast amounts of experience in multiple lines of business, including aviation, casualty, and marine.
In addition, Zeiler will support the cyber division’s European build-out. He began his career with reinsurance giant, Swiss Re in Germany, becoming lead underwriter, facultative cyber EMEA (Europe, Middle East, Africa) for Swiss Re in Zurich.
At the same time, Mosaic has confirmed that Siemer will underwrite complex and multi-faceted M&A risks to develop the company’s transactional liability business in the DACH (Germany, Austria, Switzerland) region.
Siemer joins Mosaic from RiskPoint, where she underwrote warranty and indemnity insurance in its M&A group. Prior to this, she served as a corporate associate at international law firms Freshfields Bruckhaus Deringer and Latham & Watkins in Frankfurt, where she specialised in advising private equity and public and strategic clients on domestic and cross-border M&A transactions, investments, joint ventures, co-investments and management incentives.
“We’re delighted to welcome Dennis, Eileen, and Aron to build out our reach in Europe, where Mosaic can offer the advantages of Lloyd’s A-plus ratings and much-needed capacity across complex lines of business thanks to both our syndicate and our trade partners,” said the company’s Underwriting Director, David White.
“We’re thrilled to be able to offer our capabilities and capacity to clients in Continental Europe’s largest and most mature insurance market,” said Bertram.
“Frankfurt represents a vital hub, from which we can serve high client demand, as well as access business opportunities in other markets.”
