Mosaic opens Singapore office as Asia-Pacific market platform
March 9, 2023
Hamilton, Bermuda—Mosaic Insurance has opened an office in Singapore and hired two specialty underwriters to build its transactional liability business across the Asia-Pacific region.
Benn Wilson will serve as regional CEO, and Head of Asia for Mosaic’s transactional liability division. Joining him is Edwin Chau, Manager, Transactional Liability, who will also focus on developing the company’s M&A insurance business across the region.
“Asia has always been part of our strategic vision for Mosaic, so we’re pleased to be open for business in this vital market,” said Mosaic’s Underwriting Director, David White. “Our Singapore office, under Benn’s leadership, enhances the global underwriting access we have built to date and our Lloyd’s platform allows us to leverage relevant licenses and respected ratings to speed business growth.”
Underwriting capacity for Mosaic’s Singapore platform is provided by the company’s Lloyd’s Syndicate 1609, managed by Asta Managing Agency. Asta’s service company, set up on the Lloyd’s Asia platform in Singapore, supports Mosaic with underwriting oversight and regulatory compliance services.
“I am delighted to have both Mosaic and Asta join the Lloyd’s Asia platform in Singapore,” said Mark Dyson, Interim Country Manager, Singapore and Interim CEO, Lloyd’s Asia. “We have seen strong top-line and profitable growth on the platform in the previous two years and increasing the number of Lloyd’s syndicates further strengthens our underwriting capabilities and product offerings.”
Wilson has lived and worked for more than 15 years in Asia, specializing in the M&A insurance sector. Before joining the industry in 2015, he was a corporate and private M&A solicitor for Ashurst LLP and in-house counsel for telecoms company Ooredoo.
“I am delighted to join Mosaic to help launch its first Asian office and lead its transactional liability business here,” Wilson said. “Singapore is the ideal location from which to build an Asian business, as it’s a key regional hub for specialty insurance and, in particular, for the transactional liability market.”
Chau previously spent three years at AIG, where he was responsible for underwriting transactional liability insurance in the region. Prior, he was on the broking side, as a director at Aon’s transaction risks team for more than six years.
The new office, located in Singapore’s central business district on Battery Road, marks Mosaic’s eighth since the company launched on February 4, 2021. With a current total of more than 130 employees, it also has underwriting hubs located in Bermuda, London, New York, Chicago, Toronto, Frankfurt, and Dubai. The specialty insurer focuses on seven lines of business: transactional liability, cyber, financial institutions, professional liability, political violence, political risk, and environmental liability.
PHOTO CAPTION: Mosaic’s Singapore team: Benn Wilson (right), regional CEO and Head of Asia, Transactional Liability, and Edwin Chau, Manager, Transactional Liability
Mosaic is a next-generation, global specialty insurer harnessing visionary leadership, exceptional underwriting talent, a focus on complex product lines, and a digitized operating model. Coupling Lloyd’s Syndicate 1609 with a wholly-owned syndicated capital management agency, Mosaic is uniquely positioned to offer capacity and custom service to clients in markets around the world. We leverage the value of Lloyd’s, along with the market’s global license network and financial-strength ratings: A+, Strong Outlook (Standard & Poor’s); A, Excellent Outlook (AM Best); AA-, Very Strong Outlook (Fitch Ratings).
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