Mosaic
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Mosaic syndicated capital programme hits $250mn GWP across seven lines. -
The Bermuda-based specialist said the capital injection will boost its talent acquisition and product development plans.
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The carrier will look to support green energy projects in developing nations.
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Legal precedents are being set which could lead to crippling liabilities for US businesses as well as longer term data management implications.
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The syndicate reported a combined ratio of 105.1% for 2022 – its first full year of trading.
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Litigator Sarah Bowden has been appointed to oversee the new book of business.
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Jennifer Zhu is a principal at Golden Gate Capital, a majority stakeholder in Mosaic.
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Mosaic is the first to use the new company, hiring Benn Wilson and Edwin Chau to help it expand in the region.
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The carrier has also appointed Aron Zieler and Eileen Siemer to build out its new Frankfurt team.
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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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