Reinsurance News

Mosaic recruits William Monat to lead transactional liability

7th April 2021 - Author: Matt Sheehan

Mosaic, the global specialty insurance company recently launched by Ironshore executive Mitch Blaser, has announced the appointment of William Monat as Executive Vice President, Global Head of Mergers & Acquisitions (M&A).

Based in Chicago, Monat will spearhead the specialty company’s transactional liability business and oversee underwriting operations in North America, the UK, Europe, and Asia-Pacific regions.

His focus includes representations & warranties, tax insurance, and contingent liability insurance products.

Monat has more than 20 years of experience as a leader in the transactional risk insurance sector as an underwriter, broker and lawyer.

From 2011, he led the Mergers & Acquisitions Group in North America for Willis Towers Watson, and he previously headed managing general agents M&A Risk Solutions and Transaction Risk Solutions for over a decade.

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“We are delighted to welcome someone of Bill’s stature to our growing team and excited to have a top-ranking industry figure drive this all-important business line,” said Mosaic CEO Mitch Blaser.

“Bill brings a wealth of experience, and global, cross-market knowledge. He is a highly respected thought leader, who, with our diverse, expert team, will guide this core business.”

“I am thrilled to have this tremendous opportunity to join an innovative company like Mosaic at its inception and help build a best-in-class transactional risk portfolio,” added Monat. “Client demand is very high in the M&A space, and transactional risk products have become vital to closing M&A deals. I Iook forward to demonstrating to clients, trade-capital partners and other stakeholders the differentiated solutions Mosaic can offer.”

Founded by Blaser earlier this year, Mosaic combines Lloyd’s Syndicate 1609 with a whollyowned syndicated capital management agency and underwriting hubs in Bermuda, London, the US, and Asia. The company is focused on a select number of complex lines of specialty business being launched throughout 2021; to date, Mosaic has built teams who have begun underwriting political risk and cybersecurity globally.

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