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Mark Wheeler, Co-Founder & CEO, Mosaic Insurance
20 October 2021

Mosaic boost for war, terrorism and political violence business

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.”




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More on this story

News
15 October 2021   First US-based office gives foothold in its largest market.
article
23 November 2021   Vows to add a dozen specialists by the end of next year in response to booming business.
article
3 December 2021   Commercial partners invited to underwrite complex specialty risks.