Press Release

Mosaic appoints Jennifer Zhu to its Board

March 8, 2023

Hamilton, Bermuda—Mosaic Insurance has appointed Jennifer Zhu of Golden Gate Capital to its Board of Directors, effective immediately.

Zhu joins six other directors of the company, including Board Chair Caroline Foulger, who took up the position last year.

“I am thrilled to formally welcome Jenn to the Board, particularly as we mark International Women’s Day today,” said Foulger. “Jenn has been a regular Board attendee since Mosaic’s inception, and her formal appointment is a reflection of her valuable contributions over the last two years. Jenn and I together now comprise 40 percent of the non-executive Board directors—which aligns well to the nearly 40-percent female employee complement at the company. Gender balance truly runs all the way through Mosaic and is one of our many strengths.”

Zhu is a Principal at Golden Gate Capital, a San Francisco-based private-equity firm that holds a majority stake in Mosaic through its financial services portfolio company, Angel Island Capital. She is a member of the firm’s financial services team, covering investments in specialized markets, including insurance, asset and wealth management, fintech, and specialty finance.

“Jenn has worked closely with us in her capacity at Golden Gate Capital since our launch, so it’s fitting she now joins the Board in a more formal capacity, and she brings valuable knowledge and skills to the role,” said Mosaic Co-CEO Mitch Blaser.

Added Co-CEO Mark Wheeler: “Her investment expertise and focused financial perspective will be highly beneficial as we continue to strategically drive Mosaic’s growth through our global platform this year.”

Zhu previously worked at Sightway Capital, the private investment arm of Two Sigma. Prior to that, she was as an associate at Pine Brook Partners. Zhu started her career as an investment banking analyst in the financial institutions group at Morgan Stanley. She has a BA in Economics from Harvard University.

“It is a privilege to join Mosaic’s Board at such an exciting time for the company,” said Zhu. “I’ve enjoyed working with Mitch and Mark over the past two years and am incredibly proud of what the team has built. I look forward to working with Mosaic as it continues to grow.”

Launched in February 2021, Mosaic is a global specialty insurer with a focus on seven lines of business: transactional liability, cyber, political violence, political risk, environmental liability, financial institutions, and professional liability. The company currently has 130 employees in seven countries.