Mosaic's global risk syndication program has underwritten nearly $250 million in gross written premium (GWP) for its industry partners across seven product lines and regions, according to a company spokesperson on Wednesday.
Syndicated capital partners have also benefited from Mosaic's collaborations with third parties to enhance risk selection and underwriting. These include partnerships with tech leader Safe Security for inside-out evaluations of organizations while reducing premium pricing and with Apex to provide enhanced directors and officers coverage by factoring ESG credentials into the insurance risk assessment.
Chris Brown, EVP at Mosaic Syndicated Capital Management said on Wednesday that they are thrilled with the high-caliber portfolio partners they've attracted and are thankful for their faith in Mosaic's vision and value. "Most are fellow Lloyd’s syndicates," Brown said. "Syndication brings a single solution to clients, and these partnerships are integral to our collaborative success.”
The program, launched early last year, has generated GWP for more than 20 syndication trade partners, including notable re/insurers such as Apollo, Hampden Risk Partners, Nephila Syndicate 2358, SiriusPoint, Flux Syndicate, and IQUW.
Unlike traditional managing general agents (MGAs), Mosaic is the sole decision-maker for underwriting and claims settlement, which accelerates response time.
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