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Mosaic partners with Lloyd’s carrier

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“This is a compelling opportunity that underscores Mosaic’s mission to connect capital with risk through valuable partnerships,” said Chris Brown, executive vice president of syndicated capital management at Mosaic. “Apollo’s high-caliber reputation, strength through Lloyd’s, and significant investment in our syndicated capital program represent an important endorsement of Mosaic’s underwriting team and global strategy.”

“Apollo are delighted to have partnered with Mosaic as a capacity provider,” said Matt Newman (pictured above, right), Apollo’s chief innovation and strategy officer. “We look forward to building on our existing shared values and vision over the coming years in this mutually beneficial partnership. We value supporting leading teams to diversify the Apollo portfolio. We would like to thank our colleagues at Mosaic for their collaboration in making this happen.”

Read next: Mosaic Insurance establishes new cyber underwriting unit

Transactional liability is crucial to Mosaic’s model and specialty strategy, the company said. Mosaic began underwriting mergers and acquisitions cover in the US last year, including representations and warranties insurance and tax liability insurance. In November, Mosaic launched the unit’s international branch in London and has built out M&A teams in both jurisdictions.

“The growth in our line size delivers on our promise to brokers to be a key insurer for mid- to large-cap transactions,” said Sam Whiteman (pictured above left), head of international transactional liability at Mosaic. “We’ve seen a significant increase in demand for our unique offering, and this increase in capacity helps us provide solutions for cross-border transactions at a time of great geopolitical uncertainty. It also supports Mosaic’s ambition to grow our presence in Europe, the Middle East, Africa and further afield this year.”

“We’re thrilled to have received the affirmation of Apollo in supporting our underwriting strategy and philosophy, and are excited by the coverage solutions our growing capacity allows us to deploy for the benefit of our broker and client partners,” said Stavan Desai (pictured above center), Mosaic team leader for transactional liability in North America.

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