Mosaic, a next-generation global specialty insurer combining newly-formed Lloyd’s Syndicate 1609 with sophisticated underwriting talent, has launched a global speciality InsurTech platform with next-generation underwriting capabilities.
Mosaic is founded by seasoned industry executive Mitch Blaser, who serves as the company’s CEO.
Mosaic has collaborated with global providers to leverage disruptive technologies—including blockchain, machine-learning algorithms, advanced analytics, intelligent automation, straight-through processing and actuarial software—to build a market-leading InsurTech platform. Mosaic offers end-to-end digital efficiencies, advancing Lloyd’s Blueprints’ call for intuitive risk exchange.
Mosaic has partnered with Asta Managing Agency, the leading third-party managing agent at Lloyd’s, which will provide a range of oversight and governance services to Syndicate 1609.
Mosaic combines Lloyd’s Syndicate 1609 with a wholly-owned syndicated capital management agency, enabling the company to identify, source and underwrite business on behalf of itself along with other trade-capital partners.
A primary-layer lead market, Mosaic is focused on high-value, specialty lines of business with steep technical barriers to entry and strong growth trends, including Transactional Liability, Cyber, Political Risk, Political Violence, Environmental, Financial and Professional Lines.
Golden Gate Capital, a leading private-equity investment firm with more than $17 billion of committed capital, is Mosaic’s anchor investor. Golden Gate Capital will hold a majority stake in Mosaic through its financial services portfolio company, Angel Island Capital. Mosaic’s leadership team has also invested in the company.