Hamilton, Bermuda—Senior war and terrorism specialist Adam McGrath has joined the fast-evolving business line’s international team at Mosaic Insurance.
Based in London, McGrath takes up the new role of SVP, Head of International War & Terrorism, Political Violence, at the global specialty startup, responsible for building out the global book of business, while complementing work by the division’s North American team. He will also represent Mosaic as a member of the Lloyd’s Market Association (LMA) panel on political violence.
Political violence coverage was the first product line launched globally by Mosaic in March, just a month after setting up with headquarters in Bermuda and Lloyd’s of London Syndicate 1609. The company currently writes the business from Bermuda, London, and New York.
“We are delighted to welcome Adam to Mosaic and our underwriting team,” said Quentin Prebble, Chairman, War & Terrorism, Political Violence at Mosaic. “He brings extensive market experience as both a senior broker and leading underwriter, and has very strong relationships in the broking fraternity and among clients, so he is a valuable addition to our division.”
McGrath previously spent eight years at AXA XL, expanding its political violence line, and also worked at Hiscox. Prior to underwriting, McGrath served as a broker for Aon’s crisis-management division focused on terrorism.
“I am really excited to be joining Mosaic and have great respect for its leadership team,” said McGrath. “I look forward to helping develop this product line amid an interesting time in our market. Clients require broader coverage than ever before, which presents challenges, but also opportunity. Our aim is to service this growing demand and build a book of business that rivals market leaders over the next five years.’’
Mosaic offers tailored coverage for a full spectrum of commercial, industrial and residential property risks associated with acts of terror and sabotage, malicious damage, strikes, riots, civil commotion, war perils and related liability around the world. Political violence is one of six lines of specialty business the company currently writes in markets around the world.