Mosaic Insurance, a specialty insurer, has announced a reorganisation of two of its core underwriting hubs as part of efforts to better align international resources and support its next phase of growth.
As part of the restructuring, Benn Wilson, currently CEO of Mosaic’s Singapore operations, will relocate to Dubai, UAE, to lead activities spanning the Middle East and Asia from a unified underwriting hub. The change is designed to streamline the company’s international presence and strengthen its strategy for growing its specialty insurance portfolio.
“Bringing Benn’s expertise to our Dubai platform is part of a broader optimisation of our global underwriting network, and ensures our structure can support strong, long-term growth,” commented Tim Glover, Mosaic’s Chief Underwriting Officer.
“The move enables the firm to better align our structure with regulatory and capital considerations and refocus resources where we see the greatest opportunity for our clients, brokers, and partners across both regions.”
Mosaic established its Singapore office in March 2023 to underwrite transactional liability business in the Asia-Pacific region. The company stated that the decision to close local underwriting operations reflects regional structural considerations and its approach to maintaining sustainable capital strategies.
“The reorganisation does not diminish our confidence in the great opportunities across the region or in the transactional liability product line—indeed, we remain fully committed to the global M&A liability marketplace and we expect growth, particularly around tax-liability business,” added William Monat, Global Head of Transactional Liability for Mosaic.
“We also want our broker partners and clients to know how much we value the relationships and business we have built together in the region.”
Following the changes, Mosaic’s Singapore service company will remain in place to manage existing policies. However, it will no longer accept new transactional liability submissions directly. Instead, business will be handled through the company’s offices in the United States, United Kingdom, United Arab Emirates, Europe, Canada and Bermuda, subject to applicable regulatory requirements.
The company is working closely with Lloyd’s Asia to ensure an orderly wind-down of its Singapore underwriting operations, with no disruption to client service and full compliance with regulatory obligations.
“We are committed to honoring our responsibilities to our policyholders and broker partners, and we will work hard to maintain our service standards across the life of our existing Singapore portfolio,” Glover continued.
Mosaic recently marked its fifth anniversary. In addition to transactional liability, its portfolio includes financial institutions, professional liability, cyber, political risk, political violence, casualty and environmental liability. The company continues to invest in its underwriting platform across key global hubs to support increasing demand for specialty insurance solutions.
