Mosaic Insurance has appointed Caroline Foulger as Chairman of the Board and welcomed Alexander Dias, CEO and Managing Director of Angel Island Capital. [AIC]To the board of directors.
Mitch Blaser, Co-CEO of Mosaic, said: “We look forward to working closely with her and other directors to create value for all stakeholders.”
Caroline Folger, Chair of the New Mosaic Insurance Board & Alex Diaz, Member of the Mosaic Insurance Board
“Mosaic will benefit significantly from Caroline’s extensive financial services knowledge and thoughtful leadership perspective,” said Mark Wheeler, Mosaic’s co-CEO. “We invited her to her board as Mosaic continues to grow globally. We are proud to be able to participate in this journey.”
Ms Foulger has been an independent non-executive director of the financial services industry since 2013. Prior to that, she was a partner at PwC Bermuda for 12 years, primarily leading the insurance business in Bermuda, providing both auditing and advice to listed clients. service.
She served on Hiscox and its subsidiaries in Lloyds and Bermuda for nine years until May 2022, chaired the Hiscox Audit Committee, and was a member of the Risk, Compensation, Governance, and Investment Committees. ..
“We are pleased to be on the board of directors of Mosaic in this role and at this time,” Foulger said. “Mosaic’s business model is exciting and reshaping the industry. Its values and culture really resonate with me. The passion, commitment and diversity of everyone involved in the company is clear. I am honored to work with them and become part of it. “
Ms Foulger serves on the board of several other public and private entities operating in other areas of financial services. She has lived in Bermuda since 1987 and she became Bermuda in 2005.
Mark Wheeler, Co-CEO of Mosaic Insurance [left] And Mitch Blazer, Caroline Foulger
In addition to the appointment of Ms Foulger, Mosaic also welcomed Alexander Dias, CEO and Managing Director of Angel Island Capital. [AIC], To the board of directors. AIC is Mosaic’s anchor investor, Golden Gate Capital’s specialty finance portfolio company, and a leading private equity investment company with cumulative commitment capital of over $ 19 billion.
“We are excited to be part of the Mosaic Committee in the early stages of company growth and business development,” said Diaz. “I share Mosaic’s vision of growing through technology and innovation with a focus on building a strong team to execute the strategy. As Mosaic continues to grow its business, I We look forward to providing you with your perspective and experience. “
Diaz joined AIC in 2020 and has over 18 years of experience in the financial industry. Prior to joining AIC, he was Director of U.S. Portfolio Finance and Internal Business Strategy at Citadel LLC, managing the U.S. Portfolio Finance Team and providing secure financing solutions for the equity, credit, quantitative and commodities businesses. I did.
Dan Haspel, Mosaic Director and Managing Director of Golden Gate Capital, said: “They are both skilled and dynamic leaders with significant professional insurance and financial services expertise. We are confident that they will make a valuable contribution to Mosaic during this important growth period. . “
Founded in February 2021, Mosaic is a global professional insurance company focused on six businesses: transaction liability, cyber, political violence, political risk, financial institutions and professional liability. The company currently has offices in Bermuda, London, New York and Chicago, with plans to expand to Europe, the Middle East and Asia this year.
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