Lloyd’s head meets Bermuda industry leaders

Lloyd’s of London CEO John Neal was in Bermuda this week meeting regulatory and insurance leaders.

Among others, Neal met with new Bermuda Monetary Authority CEO Craig Swan, former Bermuda Premier Sir John Swan, and Marc Grandisson, chair of the Association of Bermuda Insurers & Reinsurers (ABIR). He also met with Mitch Blaser and Mark Wheeler, co-founders and co-CEOs of Mosaic Insurance, which coordinated the visit.

“I think the symbiotic relationship between Bermuda and London is unique, and there’s a real opportunity to build on it and work more closely together,” said Neal before flying on to New York. “That’s really been the theme of this week’s discussions.”

John Huff, president and CEO of ABIR, added: “Bermuda’s leading insurers and reinsurers appreciate the strong working relationship with John Neal, Lloyd’s, and the London market. Whether the risks are from climate, cyber, liability exposures, financial lines or specialty in nature, consumers around the world have long benefited from the sheer size and synergies of the Bermuda and London re/insurance markets.”

Blaser said: “It’s good timing, as travel begins to resume, to encourage constructive meetings like these which can advance insurance solutions to worldwide challenges. We enjoyed exploring fast-changing themes important to us all, including ways to enhance capital efficiency, the surge in systemic risks, and the benefit of evolving digital technologies.”

Launched in February 2021, Mosaic combines Lloyd’s Syndicate 1609 with a wholly-owned syndicated capital management agency and global underwriting hubs. The company is focused on several complex lines of specialty business launched throughout 2021.