Mosaic taps Acrisure as lead broker for syndicated program
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Mosaic Insurance Holdings Ltd. said Thursday it has launched a syndicated program designed to attract capital from commercial insurers to write complex specialty risks in regional markets worldwide.
Acrisure International, part of Acrisure LLC, is the lead and coordinating placement broker for the program’s initial placement, Mosaic said.
Mosaic said in a statement it will source and select specialty risks in domestic markets typically not seen in London and write them via its network of hubs in the U.S., United Kingdom and Bermuda.
It plans to expand the network in Canada, Europe, the Middle East and Asia in 2022.
Capital providers can choose a whole-portfolio approach or zero in on specific products or geographies under the program, Mosaic said.
The program does not participate on any natural catastrophe exposures, it said.
Backed by San Francisco-based private equity firm Golden Gate Capital, Mosaic focuses on lines including transactional liability, cybersecurity, political risk, political violence, financial institutions and professional liability.
Proprietary capital is deployed through Mosaic’s Lloyd’s syndicate 1609, along with partner capacity contributed by insurers.
