Mosaic launches syndicate program
Mosaic opens New York office
Mark Wheeler, Co-Founder & CEO, Mosaic Insurance
Mosaic Insurance has boosted capacity for its war, terrorism and political violence business and is offering coverage up to $600 million per risk, it announced on Tuesday.
The increased capacity will allow the Company to serve clients through the US market or Bermuda, where it is currently the only carrier writing political violence, the company added. The peril was the start-up’s first line of business, launched in March with underwriting units in London, Bermuda, and the US.
Mosaic underwriters Jamie Oliver and Heather Blaser serve both the US and Bermuda markets, along with an international team based in London under the chairmanship of Quentin Prebble. Last month, it also hired senior war and terrorism specialist Adam McGrath.
“We launched our war, terrorism and political violence coverage as a direct response to intensified underlying exposures arising from this complex and growing threat,” said Mosaic co-founder and co-CEO Mark Wheeler. “We have collaborated closely with our capital partners to provide an important syndicated product to insureds who place value in spreading their counterparty risk.”
Mosaic Insurance, North America, Jamie Oliver, Heather Blaser, Quentin Prebble, Adam McGrath, Mark Wheeler, war, terrorism, political violence,