Mosaic appoints new board chair


Mosaic appoints new board chair

Alexander Dias, board member, and Caroline Foulger, board chair, Mosaic Insurance

Mosaic Insurance has appointed Bermuda-based financial services executive Caroline Foulger as its board chair, effective immediately.

Foulger has been an independent, non-executive director in the financial services industry since 2013. Prior to that, she was a partner at PwC Bermuda for 12 years, primarily leading the insurance practice in Bermuda and serving listed clients with both audit and advisory services. She spent nine years, until May 2022, as a director for Hiscox and its subsidiaries at Lloyd’s and in Bermuda, serving as chair of the Hiscox audit committee, and a member of its risk, remuneration, governance, and investment committees.

“Caroline’s well-recognised reputation and global experience across our industry make her an ideal choice for this role,” said Mitch Blaser, co-chief executive officer (CEO) of Mosaic.

“Mosaic will benefit significantly from Caroline’s wealth of financial services knowledge and thoughtful leadership perspective,” added Mosaic co-CEO Mark Wheeler. “We’ve invited her to the board as Mosaic continues to build out its global growth, and we’re proud to have her join us on the journey.”

Foulger said Mosaic’s business model was “re-shaping the industry”, adding that the “passion, commitment, and diversity” of everyone connected to the company is palpable”.

Mosaic has also appointed Alexander Dias, CEO and managing director of Angel Island Capital (AIC), to its board of directors. AIC is a specialty finance portfolio company of Mosaic’s anchor investor, Golden Gate Capital, a private equity investment firm with over $19 billion of cumulative committed capital.

Dias said he shares Mosaic’s vision of “growing through technology and innovation”.

Dias joined AIC in 2020 and has over 18 years of finance industry experience. Prior to that, he was director of US portfolio finance and internal business strategy at Citadel LLC, where he managed the US portfolio finance team, providing secured financing solutions for the equities, credit, quantitative and commodities businesses.

Dan Haspel, a Mosaic board member and managing director at Golden Gate Capital, said Foulger and Dias were “accomplished, dynamic leaders with significant specialty insurance and financial services expertise”.

Mosaic, board, appoints

Bermuda Re