Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Mosaic launches transactional liability coverage in U.S.

Reprints
M&A

Mosaic Insurance Holdings Ltd. said Wednesday it is offering transactional liability coverage in the United States, including representations and warranties insurance, amid a surge in mergers and acquisitions activity.

The Bermuda-based insurer said it will deploy maximum initial capacity of $25 million per risk as a lead market on M&A coverage, which it expects will increase to meet demand.

Mosaic is entering the market at a time when there is a need both for additional underwriting capacity and deep experience in this area, William Monat, global head of M&A, said in a statement.

“The upswing in deal activity began late last year and continues to heat up, thanks to available capital, motivated buyers and sellers, and significant pent-up demand,” he said.

Coverage will expand globally later this year, Mr. Monat said.

Mr. Monat was recently recruited from Willis Towers Watson PLC to spearhead Mosaic’s transactional liability business globally, along with several other senior transactional risk executives.

 

 

 

Read Next

  • Specialty insurer Mosaic launches operations

    Hamilton, Bermuda-based global specialty insurer Mosaic Insurance Holdings Inc. officially launched operations in Bermuda, London, the United States and Asia, the company said Thursday.