Bermudian start-up Mosaic has begun underwriting professional liability coverage through its London office, with a tailored portfolio of professional indemnity and D&O coverage.
The company is focused on complex specialty lines of business and to date has launched underwriting teams across a range of emerging risks markets including cybersecurity, political violence, and political risk lines.
Mosaic will be a lead market on all coverage, taking a primary position to deploy maximum capacity of USD$10 million for any professional liability risk, for both international and US business.
“These are challenging times for professional firms, in a landscape rife with new systemic risks and uncertainty driven by globalization and changing regulatory environments,” said Mosaic Co-CEO and management liability veteran Mark Wheeler.
“Mosaic is uniquely positioned to offer innovative solutions in markets worldwide. We are set apart by our exceptional underwriters, who bring decades of experience and an extremely disciplined approach to writing coverage across diverse disciplines around the globe.”
The specialty insurer, established in February, is targeting service providers, including lawyers, specialist engineers in target industries like oil and gas, marine and aviation, as well as for miscellaneous professionals such as actuaries, P&I club managers, security consultants, underwriting agents and insurance brokers.
Mosaic combines Lloyd’s Syndicate 1609 with a wholly-owned syndicated capital management agency and underwriting hubs in Bermuda, London, the US, and Asia.
The London-based professional liability team is headed by Anna Jay, who oversees the division and its global portfolio. She has almost 20 years’ experience working across the sspecialty sector, with a core focus on professional liability.
“Our comprehensive products ensure policyholders are protected against exposures specific to their industry, whether they are a sole trader in the oil and gas sector, for example, or a multi-national, full-service law firm,” said Jay. “In today’s litigious environment, we provide clients with highly tailored, sustainable coverage—and consequent peace of mind.”
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