Mosaic launches new M&A team, continues US buildout

Mosaic launches new M&A team, continues US buildout

Mosaic Insurance is growing out its transactional liability capabilities with the launch of a new M&A team in the UK.

Having just launched in February this year, the specialty insurer later began underwriting M&A coverage in July. The coverage includes representations and warranties insurance (RWI) and other transactional risk products.

Leading up to this, Mosaic hired William Monat as global head of transactional liability in April, Stavan Desai in May as North American team leader and Katherine Spenner as chief legal officer.

“Transactional liability is a core focus of our model and growth strategy, and a product line we expect to grow exponentially, in North America and beyond,” commented Mosaic co-CEO Mark Wheeler.

“The fast-paced development of our M&A platform, first in the US and now ramping up in London, serves the rising needs of clients in an unprecedented environment.”

To better build out its international transactional liability platform, Mosaic announced that it has hired two more professionals: Sam Whiteman and Andrew Gofton-Salmond, who are both based in London. Whiteman will serve as SVP, head of international transactional liability, while Gofton-Salmond will fill the position of VP, transactional liability manager.

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