Mosaic boost M&A capacity through syndicate capital program

Bermuda-headquarters specialty insurer Mosaic is boosting its global mergers and acquisitions (M&A) capacity through syndicated partnerships, it has announced. As a result of growth in its syndicated capital program, the specialty insurer will underwrite transactional risks for several new trade-capital partners, including HDI Global Specialty, Verto Syndicate 2689, and IQUW Syndicate 1856.

The partnerships drive Mosaic capacity in the sector from $25 million to $41m in North America and $36m in the rest of the world. Under the program, brokered by Acrisure, Mosaic deploys proprietary capital through its own Syndicate 1609, alongside partner capacity contributed by carriers seeking to leverage its underwriting expertise and distribution.

Transactional liability is a “cornerstone” of the company’s specialty strategy, it said. Mosaic began underwriting M&A coverage in the US last July, including representations and warranties insurance a staple for private equity and strategic buyers and sellers in M&A deals – and tax liability insurance. In November, it launched its UK division.

“This is an important milestone for Mosaic in a line of business that has witnessed record-breaking demand over the past year,” said Mosaic’s Chris Brown, EVP for syndicated capital management. “The transactional liability market requires deep underwriting expertise, so the calibre of our team, coupled with the broad regional market access our structure provides, enables us to develop attractive portfolios for our partners. We expect to see steady capacity growth through the program in this and other business lines.”

“Our syndicated offering allows Mosaic to serve broker partners and clients at a time of significant demand for specialised underwriting to support M&A transactions,” added Bill Monat, global head of transactional liability at Mosaic.”