Mosaic announces major role restructure

Mosaic announces major role restructure | Insurance Business America

Insurance News

Mosaic announces major role restructure

Co-CEO highlights revamp as an “evolution”

Insurance News

By
Kenneth Araullo

Mosaic Insurance has announced a restructuring of roles across its underwriting and operational teams, aimed at driving growth for its agency business.

The company has described the reorganization, effective immediately, as a reflection of the firm’s evolution as a global agency increasingly driven by trade-capital partners across its seven specialty lines.

Currently underwriting on behalf of 26 insurers worldwide, the company has generated over $1 billion in gross written premiums (GWP) for agency partners in the past two years.

“This is an exciting evolution for Mosaic that enhances our operational efficiency and accelerates strategic expansion,” co-CEO Mitch Blaser said. “It comes at a natural point in our growth plans, when we are focusing on increasing the scale and scope of our valuable agency business, as well as deploying new technologies, and empowering best-in-class specialty leaders.”

“These advancements benefit all our stakeholders and help us expand distribution and product innovation, while capitalizing on discerning, data-led risk selection,” co-CEO Mark Wheeler said. “Notably, these updates will support the strong allegiances we are building with brokers and agency partners to source profitable underwriting opportunities and bring innovative solutions to the market.”

Mosaic Insurance restructure

(pictured above, from left to right)

Liam Jones becomes agency CEO, overseeing strategic vision, growth, profitability, and operational excellence of Mosaic’s agency business, along with product and enhanced underwriting capabilities across the group
Lisa Fontanetta is appointed chief operating officer (COO), managing overall operational strategy, efficiency, and automation
Krishnan Ethirajan is named chief digital and AI officer, driving technology, data, and AI strategy, and managing external delivery partner relationships
Charlie Mackay becomes chief underwriting officer, international, overseeing global broker relationships and driving global market engagement strategy, tactics, and execution
Anna Jay is named Syndicate 1609 active underwriter, subject to Lloyd’s and regulatory approval, managing overall portfolio structure and risk selection with strategic oversight of all lines of business
David White takes on the role of managing director, product and portfolio optimization, overseeing underwriting portfolio development, pricing, governance, and product innovation
Grant Hopkins is appointed head of FP&A and strategic finance within Mosaic’s finance team, guiding the company’s financial strategy and ensuring effective financial planning, analysis, and decision-making processes
Heather Oliver assumes the newly created position of head of corporate affairs, responsible for business development strategy, investor and board relations, and broker marketing

“Our colleagues and culture are central to Mosaic’s strategic vision as we build our position as a leading underwriting agency in the marketplace,” chief people officer Claire Eeles said. “We’re promoting our people and aligning them with our growth as a firm, and we’re proud to have been able to leverage the strengths of our existing team to make this happen.”

Launched in February 2021, Mosaic underwrites across product lines selected for high technical barriers to entry and relevance to current and projected geopolitical and economic conditions. These lines include transactional liability, cyber, political risk, political violence, financial institutions, professional liability, and environmental liability.

Mosaic’s model matches capacity from its own Lloyd’s syndicate, 1609, with capital from carrier partners seeking regional access and expertise in non-commoditized specialty lines, while retaining full underwriting and claims control.

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