Bermudian-based Mosaic Insurance has appointed Womba Muzeya to the post of VP, senior underwriter, financial institutions.

Ms Muzeya will be based in London and report to the division’s global head, Chris Brown.

Mosaic said she will underwrite a broad array of financial institutions coverage, from small fund managers to complex banking risks, with a focus on international business in the London market.

Mr Brown said: “We’re pleased to welcome Womba to our team as we build timely solutions for this sector, which faces greater pressures than ever during periods of socio-political unrest and economic unpredictability.

“Womba brings a track record of expertise in this field, and a reputation for an instinctive service ethic that our producing brokers know they can rely on.”

The company said Ms Muzeya has more than 15 years’ underwriting experience, predominantly across all aspects of the financial institutions sphere.

Previously she served as a primary lead underwriter at AXA XL, focusing on a UK and European portfolio. She has also held roles at Tokyo Marine HCC and Zurich, where she underwrote both FI and management liability.

Ms Muzeya said: “I am delighted to be joining a team as dynamic and skilled as Mosaic’s.

“The market has experienced significant volatility in the past couple of years, and demand is high for insurance solutions to help manage the uncertainty.”

Financial institutions coverage is among Mosaic’s six specialty lines, the company said, each selected for their high technical barriers to entry and relevance to current and projected global market conditions.

Other units include cybersecurity, political risk, political violence, transactional liability and professional liability.