Specialty insurer Mosaic Insurance has opened an office in New York, which will accommodate members of Mosaic’s cyber and transactional lines of responsibility, as well as technologists and financial executives
The startup already has Chicago-based cyber and transactional liability underwriters and other key employees in Los Angeles, Boston and Virginia.
Backed by private equity firm Golden Gate Capital, Mosaic was launched as a next-generation global specialist insurer on February 4 of this year, with the new Lloyd’s Syndicate 1609 as the centerpiece and focusing on sectors of the industry. complex and selected activity.
The company’s hybrid structure will include underwriting centers in Bermuda, London, Europe, the United States and Asia, to provide capacity and personalized service to customers in major markets.
Co-Founder and CEO Mitch Blaser commented, “As a native New Yorker, I am delighted to celebrate this milestone as we open an address that spearheads our North American distribution ambitions. .
“The global syndication of our specialty underwriting expertise – matching local distribution with Lloyd’s of London security – is at the heart of Mosaic’s model, and North America is paramount to its success. We’re excited to join the New York business community and proud to be here.
Co-Founder and Co-CEO Mark Wheeler commented: “New York is a milestone for Mosaic; In that first year, we will be doing more business in the United States than in all other countries combined.
“An integral part of the value proposition for Mosaic’s syndicated capital and consortium partners is our differentiated business model and our targeted access to pure specialty businesses in regional markets around the world. This, combined with cutting-edge data and analytics, represents a real competitive advantage. “