Mosaic expands presence in North America

Bermuda-based global specialty insurer  Mosaic has expanded its presence in North America with the opening of a new office in Chicago, Illinois.

The Chicago office is Mosaic’s second US location and fourth globally after New York, London, and Bermuda.

The new office will accommodate most of the company’s North American cyber risk specialists, led by global head of cyber Yosha DeLong, as well as Mosaic’s global head of transactional liability Bill Monat.

The company plans to add more underwriting offices in 2022, in Europe, Canada, the Middle East and Asia.

Mosaic co-founder and co-CEO Mitch Blaser said: “The new Chicago office underscores our focus on the important North American market, where we source a large portion of our business. We’re thrilled to add the city to our strategic network of underwriting hubs that give us access to global specialty risks.”

Chief of staff Lisa Fontanetta added: “Chicago represents another milestone in Mosaic’s build-out and will be an important North American location for us as we continue to develop our teams and business lines. We’ve had employees based there since last year, but this consolidates our presence in the city and highlights our focus on in-person collaboration and partnership.”

DeLong, who currently oversees a team of eight across US, UK and Bermuda jurisdictions to meet rising demand for cybersecurity coverage, commented: “Chicago is an important location for us, not only geographically, allowing us to service clients on both US coasts, but also as a significant hub of insurance.

“Amid economic and geopolitical uncertainty and the challenges of cross-jurisdictional exposures, we aim to offer solutions.”

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