18 February 2022ILS

Mosaic unveils more capacity for transactional liability risks

Mosaic Insurance has unveiled the availability of more global capacity to meet transactional liability risks, as a growing consortia of industry partners joins its syndicated capital programme.

The specialty insurer will underwrite transactional risks for several new trade-capital partners, among them, HDI Global Specialty, Verto Syndicate 2689, and IQUW Syndicate 1856.

The partnership drives Mosaic capacity in the high-demand sector from $25 million to $41 million in North America, and to $36 million through the rest of the world. Under the programme, 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 matrix.

“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, Syndicated Capital Management. “The transactional liability market requires deep underwriting expertise, so the caliber 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.”

Transactional liability is a cornerstone of Mosaic’s model. The company began underwriting mergers and acquisitions (M&A) coverage in the US last July, including representations and warranties insurance (RWI)—a staple for private equity and strategic buyers and sellers in M&A deals—and tax liability insurance. In November,

“Our syndicated offering allows Mosaic to serve broker partners and clients at a time of significant demand for specialized underwriting to support M&A transactions,” said Bill Monat, Global Head of Transactional Liability at Mosaic. “Our team is committed to providing responsive and thoughtful execution to meet deal timelines and facilitate transactions across geographies.”




More on this story

ILS
7 February 2022   Eyes continued growth and new partnerships.
News
9 March 2023   Jennifer Zhu joins the board as insurer launches Singapore office.
News
24 March 2023   The product is also known as “After the Event” insurance.

More on this story

ILS
7 February 2022   Eyes continued growth and new partnerships.
News
9 March 2023   Jennifer Zhu joins the board as insurer launches Singapore office.
News
24 March 2023   The product is also known as “After the Event” insurance.