Mosaic bolsters transactional liability team
Mosaic Insurance has added to its global transactional liability team with the hire of a tax-risk specialist.
The company said Greg Branagan joined the company’s London office this quarter as tax underwriter, transactional liability, supporting the transactional team on tax-risk matters in jurisdictions outside North America. A solicitor, he has over a decade of international tax experience, including a wide range of mergers and acquisitions and corporate tax matters.
Branagan was previously a principal and underwriter at Icen Risk. Prior to that, he was an associate at law firm Norton Rose Fulbright.
Launched in late 2021, Mosaic’s tax underwriting team — which focuses on a broad spectrum of M&A-related and standalone tax risks — now has four specialists working within a transactional liability team totalling 32 professionals globally.
Jon (JT) Hutchens is the company’s Global Head of Tax, based in the US along with Ze’ev Deutsch, Tax Underwriter, North America. In London, Will Gay, Head of International Tax, leads the focus on business in the UK, Europe, the Middle East and Africa (EMEA), and Asia-Pacific (APAC). To date, the tax liability team has written policies helping taxpayers manage risks in nine different taxing jurisdictions.
“At Mosaic we’re proud of our demonstrated ability to work as one global team,” said Hutchens. “It gives us the flexibility to offer commercial terms covering risks brought to market by brokers in any number of locations, on behalf of clients around the world who face potential liability in different taxing jurisdictions. Our team has a broad risk appetite across jurisdictions and industry sectors. We also have a reputation for deep dives into complex tax issues — that sets us apart in the market.”
Gay added: “Bringing on someone of Greg’s calibre provides us with the ability to expand our reach in bringing bespoke solutions to clients across Europe.”
Transactional liability is one of seven lines of specialty business Mosaic underwrites. The firm’s other lines include: cyber, political risk, political violence, environmental liability, financial institutions and professional liability.