Mosaic receives growth investment from Atalaya and Culpeper Capital
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Mosaic receives growth investment from Atalaya and Culpeper Capital

Mosaic Insurance logo Bermuda.jpg

Specialty insurer Mosaic has sold a minority stake to asset manager Atalaya Capital Management and financial services-focused private equity house Culpeper Capital Partners.

The Bermuda-based underwriter said the capital injection will boost its talent acquisition and product development plans.

As part of the deal, Culpeper senior managing director and former Ironshore backer David King will join Mosaic’s board of directors, effective immediately.

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