{"id":20811,"date":"2023-10-06T18:34:28","date_gmt":"2023-10-06T18:34:28","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=78466"},"modified":"2023-10-06T18:34:28","modified_gmt":"2023-10-06T18:34:28","slug":"mosaic-builds-out-five-specialty-lines-of-business-across-canada","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/10\/06\/mosaic-builds-out-five-specialty-lines-of-business-across-canada\/","title":{"rendered":"Mosaic builds out five specialty lines of business across Canada"},"content":{"rendered":"<p>Hamilton, Bermuda (Sept. 26, 2023) \u2013 Mosaic Insurance is pleased to announce it has built out its team of underwriting specialists to provide global capacity in five lines of business to brokers and clients across Canada.<\/p>\n<p>The global firm opened an office in Toronto, Ontario last July, and since then, has expanded coast to coast in the Canadian specialty insurance market across five highly-relevant product lines \u2013&nbsp; cyber, transactional liability, financial institutions, professional liability, and environmental liability.<\/p>\n<p>\u201cWe\u2019re tremendously proud of building our team of strong underwriting talent in five core product lines across all major Canadian geographies,\u201d said Head of Canada Ian Fraser. \u201cIt\u2019s a lot to have accomplished in a relatively short period of time. Our focus remains on creating innovative solutions for clients.\u201d<\/p>\n<p>Fraser, who has more than 20 years\u2019 experience in the specialty sphere and underwrites cyber, financial institutions, and professional liability, is joined in the Toronto hub by a team of four fellow specialists:<\/p>\n<ul>\n<li><strong>Reynaldo Batac&nbsp;<\/strong>\u2013 VP, Underwriter, Professional Liability, Cyber &amp; Financial Institutions \u2013 has more than 16 years of experience in several sectors of the insurance industry, including claims adjusting, risk engineering, insurance placement, and underwriting. He has spent most of his career focused on underwriting management liability exposures. Previously, he developed and led the financial, professional, technology and cyber divisions at Sovereign Insurance in Toronto.<\/li>\n<li><strong>Kyle Gray&nbsp;<\/strong>\u2013 VP, Underwriter, Cyber \u2013 has 14 years of underwriting experience in specialty insurance, previously leading a start-up Canadian cyber MGA. Prior to that, he developed and led profitable cyber, errors &amp; omissions, and directors &amp; officers portfolios at CNA Canada and Trisura.<\/li>\n<li><strong>Ricardo Philip&nbsp;<\/strong>\u2013 VP, Underwriter, Environmental Liability \u2013 has more than 25 years of environmental insurance experience in loss control, underwriting, and portfolio management at AIG, ACE INA Insurance (now Chubb), and Markel Canada. He started his environmental-risk consulting company in 2018 and most recently worked for an Ontario environmental contractor, carrying out estimation, tender negotiation, and project management. His background is in environmental risk assessment (ecotoxicology) and biochemistry.<\/li>\n<li><strong>Charlie Zilvytis&nbsp;<\/strong>\u2013 VP, Underwriter, Transactional Liability \u2013 focuses on complex Canadian and international M&amp;A transaction risks. Previously, he worked as a corporate associate at Osler, Hoskin &amp; Harcourt LLP, representing clients in a broad range of corporate matters, including M&amp;A and private equity transactions. He holds a Juris Doctor from Osgoode Hall Law School at York University and a Master of Business Administration from the Rotman School of Management at the University of Toronto.<\/li>\n<\/ul>\n<p>Notably, Mosaic\u2019s hybrid global model combines capacity from its own Lloyd\u2019s syndicate, 1609, with capital from a consortia of carrier partners seeking regional access and underwriting expertise in non-commoditized specialty lines. Mosaic retains decision-making control over rates, line sizes, and claims settlement.<\/p>\n<p>\u201cOur syndicated capital program is an integral part of the differentiating value we offer the Canadian market,\u201d noted Fraser. \u201cIt allows us to distribute syndicated capacity directly, and that provides diversification to clients. It\u2019s what they want and it\u2019s unique in Canada.\u201d<\/p>\n<p>Mosaic launched primary cyber coverage in May this year, including activation of Mosaic x SAFEinside, a collaboration with Palo Alto digital risk-quantification firm SAFE Security. That was followed in June by the opening of Mosaic\u2019s environmental liability unit in Canada, offering energy clients multi-line coverage across other specialties, including cyber and professional liability.<\/p>\n<p>The company also accommodates financial institutions clients across product lines, including directors and officers (D&amp;O), errors and omissions (E&amp;O), crime and cyber coverage.<\/p>\n<h4 class=\"smallhead\"><b>About Mosaic Insurance<\/b><\/h4>\n<p>Mosaic is a new global specialty insurer harnessing visionary leadership, exceptional talent, a focus on complex business lines, and a digitised operating model. Coupling Lloyd\u2019s Syndicate 1609 with a network of underwriting hubs, Mosaic is uniquely positioned to match capital to risk in leading markets around the world.. For more information, visit <a href=\"https:\/\/www.mosaicinsurance.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.mosaicinsurance.com<\/a>.<\/p>\n<p class=\"referencetext\"><i>Source: Mosaic Insurance<\/i><\/p>\n<p> Tags: <a href=\"https:\/\/www.insurance-canada.ca\/tag\/cyber-insurance\/\" rel=\"tag\">Cyber Insurance<\/a>, <a href=\"https:\/\/www.insurance-canada.ca\/tag\/specialty-lines\/\" rel=\"tag\">specialty lines<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hamilton, Bermuda (Sept. 26, 2023) \u2013 Mosaic Insurance is pleased to announce it has built out its team of underwriting specialists to provide global capacity in five lines of business to brokers and clients&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20811"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=20811"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/20811\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=20811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=20811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=20811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}