Mosaic grows syndicated partnerships to boost M&A global capacity
Global specialty insurer Mosaic has extended its syndicated capital partnerships to boost global coverage limits for M&A transactional liability.
The company is activating more global capacity to meet transactional liability risks, as a growing consortia of industry partners joins its syndicated capital programme.
The specialty insurer will underwrite transactional risks for several new trade-capital partners, including HDI Global Specialty, Verto Syndicate 2689, and IQUW Syndicate 1856.
The partnership drives Mosaic capacity in the high-demand sector from $25 million to $41 million in North America, and to $36 million through the rest of the world.
Under the programme, brokered by Acrisure, Mosaic will deploy proprietary capital through its own Syndicate 1609, alongside partner capacity contributed by carriers seeking to leverage its underwriting expertise and distribution matrix.
“This is an important milestone for Mosaic in a line of business that has witnessed record-breaking demand over the past year,” said Mosaic’s Chris Brown (pictured left), EVP, Syndicated Capital Management. “The transactional liability market requires deep underwriting expertise, so the caliber of our team, coupled with the broad regional market access our structure provides, enables us to develop attractive portfolios for our partners. We expect to see steady capacity growth through the program in this and other business lines.”
Bill Monat (pictured right), global head of transactional liability at Mosaic, added: “Our syndicated offering allows Mosaic to serve broker partners and clients at a time of significant demand for specialized underwriting to support M&A transactions. Our team is committed to providing responsive and thoughtful execution to meet deal timelines and facilitate transactions across geographies.”
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