Increasing demand from financial firms and professional service providers has led to new hires and the launch of new primary policies with a suite of enhanced protections from Mosaic Insurance, as the Bermuda insurer continues to build out its North American finpro capability.

Two key hires in New York have created a dozen-strong US group that bolsters the company’s global finpro team of 24 specialists across London, Toronto and Bermuda.

Risa Kleiner has joined as senior vice-president for financial institutions after 20 years of underwriting, claims and legal roles.

She previously led the financial institutions business at Everest and held underwriting and claims positions at CNA.

Daniel Frusciano is senior vice-president, professional liability, with over two decades of experience across global markets.

He held senior leadership roles at Ambridge and Liberty Mutual/Ironshore, where he led financial lines and cyber underwriting teams.

Sachin Warty, global head of financial Institutions and professional liability, commented on Mosaic’s addition of underwriting talent and the development of primary products designed to address evolving risks facing financial institutions, fintech, asset managers, professional services firms and other sophisticated organisations.

He said: “Our goal is to deliver innovative coverage solutions, and meaningful capacity to help clients navigate an increasingly complex regulatory, litigation and operational environment.”

Mosaic’s North American finpro team have also released several new policies this summer, including a primary miscellaneous professional liability policy, and a primary asset manager policy that combines directors and officers, professional liability and fund liability coverage within a single primary form.

The latter provides broad protection for investment advisers, private fund managers, and alternative asset management firms, with flexibility to incorporate cyber, crime, employment practices liability and fiduciary liability coverages into an enterprise-wide risk management programme.

“Asset managers and their directors and officers operate in an environment of heightened regulatory scrutiny, increasing fiduciary responsibilities, cybersecurity threats and growing investor expectations,” noted Ann Nozica, head of financial institutions, Americas, Mosaic Insurance.

“Our asset manager policy is designed to address these evolving challenges through integrated D&O, E&O, and fund liability protection, helping safeguard both the organisation and its leadership from management, professional, and regulatory exposures.”

Mosaic has also released Innovator One in North America — a purpose-built solution for fintech and digital asset businesses, combining private company D&O, fintech professional liability, crime, and cyber and technology coverage within a single integrated form.

Created to address evolving regulatory, operational, technology, and digital asset risks, Innovator One offers a coordinated approach to enterprise risk management with flexibility to tailor coverage through shared or separate limits and a modular coverage structure.