Mosaic
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The carrier has also appointed Aron Zieler and Eileen Siemer to build out its new Frankfurt team. -
The transaction would have involved a partnership with Mosaic and a managing agent sale.
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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.
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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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