Mosaic launches global professional liability underwriting
Bermudian-based Mosaic Insurance has begun underwriting professional liability coverage through its London office.
The specialty insurer, established in February, said it offers a tailored portfolio of professional indemnity and D&O coverage for a wide range of 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.
Mark Wheeler, co-CEO of Mosaic, said: “These are challenging times for professional firms, in a landscape rife with new systemic risks and uncertainty driven by globalisation and changing regulatory environments.
“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.”
Mosaic said its experienced London-based professional liability team includes:
• Anna Jay, SVP, head of professional liability, who oversees the division and its global portfolio. She has almost 20 years’ experience working across the specialty sector, with a core focus on professional liability.
• Danny Clack, SVP, deputy active underwriter, who supports all business lines through Mosaic’s Syndicate 1609, with a focus on professional liability. He is a nearly 20-year veteran of Lloyd’s of London and the commercial insurance market.
• Francesca Harland, AVP, underwriter, professional liability, who focuses on developing Mosaic’s US and international professional liability portfolio. The company said she has a strong track record in miscellaneous and emerging risks, working with clients to develop niche products in this area.
• Pete Young, AVP, underwriter, professional liability, who has spent more than a decade at Lloyd’s. At Mosaic, he is responsible for underwriting the professional liability portfolio and developing relationships with brokers and clients.
Ms Jay said: “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 multinational, full-service law firm.
“In today’s litigious environment, we provide clients with highly tailored, sustainable coverage – and consequent peace of mind.”
Mosaic said it will be a lead market on all coverage, taking a primary position to deploy maximum capacity of $10 million for any professional liability risk, for both international and US business.