Hamilton, Bermuda—Mosaic Insurance has appointed Finn McGuirk, an experienced Lloyd’s of London specialty underwriter, to lead its political risk business.
Joining Mosaic’s London team today, McGuirk will serve as SVP, Head of Political Risk, responsible for building the fast-evolving class of business—one of seven lines the new insurer will underwrite globally through its Lloyd’s Syndicate 1609.
“Escalating economic stress and social unrest caused by the pandemic mean the risks associated with cross-border exposures and investments have never been greater,” said Co-CEO Mark Wheeler. “The complex nature of political risk insurance demands deep market knowledge, so we’re very proud to welcome someone of Finn’s exceptional underwriting talent in this field to our team.”
McGuirk has nearly 25 years of experience in the political risk market, initially as a broker before moving to underwriting. Most recently, he was head of the political risk and trade credit accounts for Pembroke Syndicate 4000 at Lloyd’s and headed similar divisions at AXA ASR and CNA Hardy. Previously, he worked for Chaucer Syndicates and Berry Palmer & Lyle.
“It’s a privilege to join a forward-thinking company like Mosaic at a time when political risk is increasingly affecting clients in volatile regions,” said McGuirk. “The negative fallout of COVID-19 on economies and lives worldwide means this class of insurance will play a growing, vital role in helping emerging markets leverage inward investment to recover.”
Since its launch in February, Mosaic has assembled a team of leading underwriters to build a bespoke group of globally relevant specialty products. To date, the company is underwriting war, terror and political violence, political risk, and cybersecurity.