Mosaic Insurance Opens First U.S.-Based Office Location in New York City

Mosaic Insurance has opened an office in New York City. This is its first U.S.-based physical address for a growing number of employees.

The Midtown South office, which will accommodate members of Mosaic’s cyber and transactional liability lines, along with technologists and finance executives, opened as the company continues to build out its North American contingent. The startup already has cyber and transactional liability underwriters based in Chicago and other key employees in Los Angeles, Boston and Virginia.

Backed by private-equity firm Golden Gate Capital, Mosaic launched as a next-generation global specialty insurer on February 4 of this year, with new Lloyd’s Syndicate 1609 as its centerpiece and a focus on select, complex lines of business. The company’s hybrid structure will comprise underwriting hubs in Bermuda, London, Europe, the U.S. and Asia to offer capacity and custom service to clients in leading markets.

The company is currently underwriting product lines selected for high technical barriers to entry and relevance to current and projected global market conditions such as transactional liability (M&A), cybersecurity, political risk, political violence, financial institutions and professional liability.

Source: Mosaic Insurance