Mosaic's risk syndication program logs $250 million underwritten in GWP

Mosaic’s risk syndication program logs $250 million underwritten in GWP | Insurance Business America

Insurance News

Mosaic’s risk syndication program logs $250 million underwritten in GWP

Revealed – the major industry players that benefited from the program

Insurance News

By
Kenneth Araullo

Mosaic’s global risk syndication program has reached close to $250 million underwritten in gross written premium (GWP) for its industry partners across seven product lines and regions.

Under its agency model, Mosaic Syndicate 1609 collaborates with carrier partners seeking regional access and underwriting expertise in non-commoditized specialty lines. This structure, according to Mosaic, not only offers significant primary limits but also diversifies counterparty exposure.

Unlike traditional MGAs, Mosaic makes the sole decisions regarding underwriting and claims settlement, which in turn enables faster responses. Acrisure International serves as the lead and coordinating placement partner for the program.

Mosaic identifies complex specialty risks through its hub network and provides syndicated coverage across all seven product lines: transactional liability, cyber, political risk, political violence, financial institutions, professional liability, and environmental liability. The company maintains underwriting teams in various global locations.

The MGA’s capital partners have the flexibility to choose a whole-portfolio approach or engage with specific products or geographies. The portfolio excludes natural-catastrophe exposures, allowing participants to diversify into specialty lines.

Syndicated capital partners have also benefited from Mosaic’s collaborations with third parties to enhance risk selection and underwriting. These include partnerships with Safe Security for inside-out evaluations and with Apex to provide enhanced directors and officers coverage, factoring in ESG credentials in the risk assessment process.

“We’re thrilled with all the high-caliber portfolio partners we’ve attracted, and thankful for the faith they placed in Mosaic’s vision and value,” said Chris Brown (pictured), executive vice president at Mosaic Syndicated Capital Management. “Most are fellow Lloyd’s syndicates, and all will share the opportunities we reap from an innovative model and global strategy. Syndication brings a single solution to clients, and these partnerships, along with future ones we build, are integral to our collaborative success.”

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