Log In

Reset Password

New Dubai office continues Mosaic growth

First Prev 1 2 3 Next Last
Broad market reach: Mosaic’s team in Dubai includes, fromleft, Dhruv Sharda, senior executive officer and underwriter, political risk, Josh Hearnden, AVP, underwriter, political violence, Rob Storer, vice-president, underwriter, cyber, and Ryan Rego, financial accountant (Photograph supplied)

Mosaic Insurance, the Bermudian-based global specialty insurer, has opened an office in Dubai, United Arab Emirates, as a strategic regional platform to access risks from across the Middle East, Africa, and South Asia market.

Three specialist underwriters, along with a finance team member, are based at the new location – the seventh for Mosaic as it approaches its second anniversary next month.

The company’s other physical hubs are located in Bermuda, London, New York, Chicago, Toronto, and Frankfurt.

“We now have seven business lines and a presence across seven key geographic business regions,” said Mark Wheeler, co-CEO, Mosaic.

“Our growth is being driven by globalisation and technology, and our proximity to clients means greater risk awareness, superior solutions, and a seamless claims response.

“Mosaic’s broader market reach enhances our ability to originate business for ourselves – and our syndicated capital partners.”

Political risk specialist Dhruv Sharda joins the company as senior executive officer to head up underwriting operations from the new office in the Dubai International Financial Centre district.

He previously worked in Dubai as a senior underwriter focused on structured trade credit and political risk in the region, and in London, writing political risk coverage.

Mr Sharda said of Dubai: “The region’s insurance sector has grown significantly in recent years, particularly in terms of awareness of the need for pragmatic solutions to manage fast-emerging specialty risks, including political violence and terrorism, cyber, and political risk.

“Mosaic’s advantage will be having on-the-ground underwriters to bring custom expertise and capacity closer to insureds in the region.”

Joining Mr Sharda are senior underwriter Josh Hearnden, who will develop Mosaic’s political violence portfolio, and cyber specialist Rob Storer, a 12-year industry veteran who will develop Mosaic’s cyber portfolio in the Middle East.

Ryan Rego also joins the office as a financial accountant.

Mosaic’s underwriting director David White, oversees portfolio development and regional governance.

He said: “Our syndicated capital and consortia partners will also benefit from Mosaic’s focused access to specialty opportunities emanating from this growing market.”

Backed by private-equity firm Golden Gate Capital, Mosaic launched in Bermuda in February, 2021.

Mark Wheeler, co-CEO of Mosaic Insurance (Photograph supplied)
Mosaic Insurance’s underwriting director David White

You must be Registered or to post comment or to vote.

Published January 12, 2023 at 3:30 pm (Updated January 12, 2023 at 8:32 pm)

New Dubai office continues Mosaic growth

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon