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Greg Branagan joined Mosaic in 2023 as AVP, tax underwriter, within TL. -
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Plus the latest people moves and all the top news of the week.
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Lloyd’s CUO said established broker facilities were “big enough”.
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Sources said MarshBerry was retained earlier this year to run the sale.
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Michael Brooks, SVP, head of transactional liability, will be taking over temporarily.
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The company has settled, or is in the settlement stage, for 80% of the exposure.
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Competition is high in specialty reinsurance as new capacity enters the market.
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The Bermudian's first quarter cat losses totalled $333.3mn, compared to $103mn a year ago.
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Their next destination remains unknown.
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Sources suggested that the multiple could be as low as the 13x range as valuations reset.
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Insurance Insider revealed earlier this week that the underwriter had resigned from Allianz.
