Mosaic unveils cyber underwriting team to begin writing business from April
Mosaic will begin underwriting cyber insurance globally on April 1, through teams in Chicago and London.
Mosaic’s cybersecurity and privacy coverage is designed to protect diverse industry types. It focuses on supporting insureds’ ability to prevent attacks and respond and minimise damage if one does occur.
It will offer a broad range of cyber coverages covering emerging threats, ranging from crisis services and legal defense to business interruption and data recovery. Primary and excess coverage will focus on middle-market businesses in a variety of industries.
It will offer a maximum capacity of $10 million for any one risk in North America and up to £10 million internationally.
The team includes Yosha Delong, senior vice president (SVP) and head of cyber underwriting, James Tuplin, SVP and head of international cyber underwriting, and Brian Dusek, vice president and head of cyber underwriting for the US.
Delong has more than 24 years’ experience in managing liability, professional and cyber lines. She was previously technical director of cyber and professional lines at Zurich North America and has also held roles at Gemini Risk, Ironshore Insurance, and Axis Capital.
She is based in Chicago and is responsible for development and oversight of Mosaic’s cybersecurity product globally.
Tuplin has more than 18 years of experience underwriting international commercial risk, with a focus on the cyber and tech, media and telecom (TMT) sector. He is based in London and was previously head of cyber and TMT for AXA XL’s international financial lines division, having also held cyber-related roles at QBE, Allianz Insurance and Zurich.
At Mosaic, he is developing the international cyber portfolio, starting in London while seeking opportunities in Europe, Asia Pacific, and the Middle East.
Dusek has more than 20 years of experience as a lawyer, monitoring counsel, claims and insurance professional. He is based in Chicago and is responsible for growing Mosaic’s cyber portfolio through North America.
He was previously cyber product manager at Zurich North America, before which he was a practicing insurance coverage lawyer at McCullough, Campbell & Lane.
Mosaic said it will capitalise on strong relationships with US and international retail brokers and clients and leverage its underwriters’ market leadership: it regularly collaborates with bodies such as the FBI, Department of Homeland Security and National Institute of Standards & Technology (NIST) in the US, the UK’s National Cyber Security Centre and the European Union Agency for Cybersecurity (ENISA).
Mitch Blaser, chief executive officer at Mosaic, predicted Mosaic’s experienced cyber-risk team will build an influential global franchise in what he described as a “very complex class”.
He said: “Heightened threats from cyber warfare, data breaches, ransomware and other attacks on systems and software are well recognised and the danger of disruption to industries and economies is significant.”
Mosaic was founded in February 2021 and combines Lloyd’s Syndicate 1609 with a wholly-owned syndicated capital management agency and underwriting hubs in Bermuda, London, the US, and Asia. It is focused on several complex lines of specialty business which are being launched throughout 2021.
