Mosaic
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Josh Hearnden becomes the second recent acquisition to the Mosaic PV team of late, following the news in May that Luke Bennett was joining from WRB Underwriting. -
The appointments mark Mosaic’s entrance into the environmental liability line of business.
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The carrier has also appointed Angel Island Capital CEO Alexander Dias to the board.
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The partnership ups Mosaic’s North American M&A liability capacity from $41mn to $50mn.
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Inigo 1301 achieved the greatest scale of the new syndicates, writing $428mn of business.
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The insurer has transferred cyber underwriter George Cole from London to its Bermuda HQ.
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The firm will leverage its partnership with DXC to build a fully digitalised managing agent, the co-CEO said.
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As part of the deal, all staff working for the managing agent will join Mosaic, while SiriusPoint will become a strategic investor in the carrier.
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HDI Global Specialty, Verto Syndicate 2689 and IQUW Syndicate 1856 are among the new trade capital partners.
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Incoming senior underwriter Womba Muzeya is joining insurance start-up Mosaic from Axa XL.
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Proprietary capital will be deployed through Mosaic’s Lloyd’s Syndicate 1609, alongside partner capacity contributed by carriers wanting to leverage Mosaic’s underwriting and distribution expertise.
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The business has appointed two to its London team and 16 to its New York unit.
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