M&A tax risk specialist Hutchens joins Mosaic
October 12, 2021
Hamilton, Bermuda—Mergers and acquisitions tax specialist Jon Hutchens has joined Mosaic Insurance as the company builds out its US-based transactional liability team to meet record demand in the sector.
Based in Virginia, Hutchens has been appointed SVP, Global Head of Tax, Transactional Liability, reporting to the unit’s global head, William Monat. He will lead development of tax insurance underwriting, overseeing decisions on tax risks arising in North America, the UK, Europe, and Asia-Pacific region.
“We’re thrilled to welcome Jon to Mosaic as we continue to build a diverse, deeply experienced transactional liability unit to respond to the rising growth in market demand for capacity and knowledgeable underwriting,” said Monat. “Jon’s focus on global tax insurance adds further highly-specialized talent to our product offering as we expand our scope in this business line.”
Hutchens brings 14 years of experience as a tax lawyer, most recently as a partner in Dentons US, based in New York City and Washington, DC. His work has focused on cross-border transactions and structures, including mergers and acquisitions, restructuring and expansions, counseling issuers on the treatment of various financial instruments, as well as advising insurance underwriters on tax risks in connection with specialty policies.
“It’s a time of great change in the global tax system,” said Hutchens. “I’m excited to be joining such a skilled M&A team and to offer solutions for managing the complicated risks taxpayers are confronting in a multitude of jurisdictions.”
Transactional liability coverage, including increasingly sought-after representations and warranties insurance (RWI), is core to Mosaic’s model, capitalizing on its leadership’s successful track record in the sector. The global specialty insurer, which launched in February, began underwriting M&A products in mid-July, and has been assembling a top-tier transactional team in the US, including senior underwriters and legal analysts.
The business is among the company’s six current product lines, each selected for their high technical barriers to entry and relevance to current and projected global market conditions; other units include cybersecurity, political risk, political violence, financial institutions, and professional liability.