Mosaic Insurance opened an office in Toronto, Ontario and hired underwriting specialist Ian Fraser to lead the company’s expansion into the Canadian specialty insurance market.
Fraser will participate as President of Mosaic Insurance Services Canada Inc. [Mosaic Canada]Responsible for investment strategy and growth, with a core business line of professional liability, cyber, financial institutions, and transactional responsibility. “
“We are very excited about the launch of Mosaic Canada under the leadership of Ian Fraser and the great opportunity to distribute syndicated capacity directly to the Canadian market in the four selected classes,” said Mosaic’s underwriting director. One David White said. “This is part of our ongoing strategy to expand the geographical market access of our products.”
The company states: “With over 20 years of professional experience, Fraser develops and leads a profitable commercial portfolio for global and Canadian domestic insurers, formerly the cyber / technology and professionals of Toronto’s Sovereign Insurance. He was responsible for liability insurance. His focus includes product development, pricing, governance, distribution and portfolio management. “
“I am excited to join the global Mosaic team with the mission of establishing roots and leading the Canadian business,” Fraser said. “This is an exciting time and a unique opportunity. The market has been struggling with the performance and capacity of FI, PL and cyber businesses in recent years, and Mosaic’s proposal is a refreshing and coveted addition to the Canadian market. Bring value. “
Backed by private equity firm Golden Gate Capital, Mosaic was launched in February 2021 as the next generation of global specialty insurance company. Consisting of Lloyd’s Syndicate 1609 and distributors around the world, the company’s high technological barriers to entry are linked to current and projected global market conditions. Units include cyber security, political risk, political violence, transaction liability, financial institutions, and professional liability.
Toronto will be Mosaic’s fifth global office, following Bermuda, London, New York and Chicago.
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