Mosaic builds out international transactional liability team
March 29, 2022
Hamilton, Bermuda—Mosaic Insurance has expanded its international transactional liability team in the United Kingdom, offering certainty amid an increasingly volatile cross-border deal environment.
The company has added four more employees to its London-based unit in recent months, with underwriters and analysts focused on M&A activity in Britain, Europe, the Middle East, and Africa.
“Turbulent economic conditions and geopolitical uncertainty are concerning and challenging in every respect, including for those engaged in M&A transactions,” said Global Head of Transactional Liability, William Monat. “Mosaic’s investment in building a deep and talented transactional liability underwriting team reflects our commitment to bring market-leading execution to M&A transactions on a global scale. As parties navigate emerging risks in getting deals to closing, differentiated underwriting talent and thoughtful, responsive execution is a critical piece of the equation and one where we offer broking partners and clients discerning solutions.”
“Commercial enterprises around the world are acutely focused on cross-border risks and exposures amid today’s swiftly moving circumstances,” said Sam Whiteman, who joined Mosaic last November as Head of International Transactional Liability, launching the London platform with Manager Andrew Gofton-Salmond. “Buyers and sellers are seeking to diligence and close deals on tight timelines, while avoiding holding funds in escrow through use of warranty and indemnity insurance and other products—increasingly, they are seeking certainty in executing these transactions.”
Recent additions to Mosaic’s transactional liability team in London include:
- Frances Gerrard, Manager—advises on complex, multi-jurisdictional transactions across Europe, including Central and Eastern Europe and Southeast Europe. With a decade of experience, she has a wealth of deal, multi-sector, and regional-specific expertise. Prior to insurance, she practised as a regional transactional specialist (advocate) with international law firm CMS in Prague, Czech Republic, regularly advising insurers on M&A transactions across a number of regions.
- Ciaran O’Hara, AVP, Underwriter—develops business across Europe, the Middle East and Africa, with a focus on the UK. Previously, he worked at AIG for more than three years as an underwriter on M&A deals across UK, Europe, and emerging markets. Prior to that, he spent two years at Chubb in its international transactional liability team.
- Ignacio Lopez Regules, Analyst—is a master’s graduate in Corporate Finance from Bayes Business School, University of London, where his research involved analysing cross-border and cross-industry M&A transactions. Previously, he worked for a logistics division at Amazon, launching a delivery station as a member of a senior leadership team.
- Vladislàva Pràngadzhiýska, Analyst—is an MSc Finance & Investment Banking postgraduate from Nottingham Trent University, UK. She previously worked as a corporate banking associate at UniCredit, Bulgaria, managing a client portfolio in its large corporate client department.
Mosaic’s UK buildout follows a parallel expansion of its North American transactional liability division since hiring Monat last April. The New York-based unit began underwriting M&A coverage in July, including representations and warranties insurance (RWI) and other transactional risk products. Since then, its US-based team has grown to include a total of 17 specialists.
Transactional liability is among Mosaic’s suite of six product lines, each selected for relevance to current and projected global market conditions. The company’s other units include: cyber, political risk, political violence, financial institutions, and professional liability.
Photo: Mosaic’s London-based international transactional liability team: (top row, from left) Sam Whiteman, Andrew Gofton-Salmond, Frances Gerrard; (bottom, from left) Ciaran O’Hara, Vladislàva Pràngadzhiýska,Ignacio Lopez Regules