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Mosaic’s growth, ambition prompts office move in NY

Mosaic cofounders and co-CEOs Mitch Blaser, left, and Mark Wheeler in the lobby of the company’s new address on the 42nd floor of One Grand Central Place (Photograph supplied)

Mosaic Insurance, the Bermudian-based global specialty insurer, has moved its New York City office to an address opposite Manhattan’s Grand Central Terminal to accommodate the company’s growing business and future ambitions in the US market.

The company has moved into the 42nd floor of One Grand Central Place, a skyscraper located at 60 East 42nd Street.

The company said the new address marks a notable evolution for Mosaic after growing out of its first start-up location in Midtown South, where it opened for US business in October 2021.

Today, the company has close to 180 employees across seven countries.

“Our new home in this landmark building signals a clear intent and commitment to significantly accelerate growth in the US market,” said cofounder and co-CEO Mark Wheeler.

“It is an exciting step that will manifest in greater opportunities for our people, a broader specialty product offering, and enhanced market access for our syndicated capital partners, brokers and clients.”

The company said the new space accommodates an expanding team of specialists in the US, representing five of Mosaic’s seven business lines: environmental liability, political violence, political risk, cyber and transactional liability.

Mosaic also has teams based in its Chicago office, and more in Pennsylvania, Florida, Texas, Massachusetts and Virginia.

“We’re proud to grow Mosaic’s physical presence in New York, and excited to join the Grand Central District’s corporate community,” said cofounder and co-CEO Mitch Blaser.

“From the company’s launch in 2021, our strategic plan set its sights on global syndication of specialty underwriting expertise and continued growth and expansion in the US. Our team is focused on innovation and the power of partnerships, and this move underscores our dedication to this vital market.”

Originally “The Lincoln Building”, for the large bronze statue of the president in its lobby, the 55-storey tower dating back to 1930 was renamed in 2009.

Today, Mosaic said, it houses global corporations across industry sectors and is one of only 41 buildings in Manhattan assigned its own ZIP code, 10165.

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Published May 06, 2024 at 4:00 pm (Updated May 06, 2024 at 8:39 pm)

Mosaic’s growth, ambition prompts office move in NY

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