SiriusPoint calls off major Lloyd’s M&A deal with Mosaic after U-turn on growth strategy

21-11-2022

SiriusPoint calls off major Lloyd’s M&A deal with Mosaic after U-turn on growth strategy

Mitch Blaser (Pictured Left) and Mark Wheeler-led global specialty insurance start-up Mosaic has confirmed that its planned deal to purchase the Lloyd’s managing agency of SiriusPoint has been called off by the seller. The move follows SiriusPoint CEO Scott Egan’s (Pictured Right) decision to downsize its global footprint in a bid to turn around the group’s reinsurance business away from property cat.


SiriusPoint, Mosaic, Lloyd’s, M&A, Insurance, Reinsurance, London market, Managing agency, Acquisition, Scott Egan, Mitch Blaser, Mark Wheeler

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