Mosaic taps AXA XL to grow its war, terrorism, political violence offering

Bermuda specialty startup  Mosaic Insurance has appointed a head of International War & Terrorism, Political Violence as it builds out its global book of business.

Based in London, Adam McGrath (pictured) will also represent Mosaic as a member of the Lloyd’s Market Association (LMA) panel on political violence.

McGrath previously spent eight years at AXA XL, expanding its political violence line, and also worked at Hiscox. Prior to underwriting, McGrath worked as a broker for Aon’s crisis-management division focused on terrorism.

Political violence coverage was the first product line launched globally by Mosaic in March, just a month after setting up with headquarters in Bermuda and Lloyd’s of London Syndicate 1609. The company currently writes the business from Bermuda, London, and New York.

“We are delighted to welcome Adam to Mosaic and our underwriting team,” said Quentin Prebble, chairman, War & Terrorism, Political Violence at Mosaic. “He brings extensive market experience as both a senior broker and leading underwriter, and has very strong relationships in the broking fraternity and among clients, so he is a valuable addition to our division.”

McGrath said: “I am really excited to be joining Mosaic and have great respect for its leadership team. I look forward to helping develop this product line amid an interesting time in our market. Clients require broader coverage than ever before, which presents challenges, but also opportunity. Our aim is to service this growing demand and build a book of business that rivals market leaders over the next five years.”

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