Mosaic Insurance Holdings Ltd. has recruited senior executives for transaction risk Stavan Desai, formerly of American International Group Inc., and Katherine Spenner, formerly of Everest Re Group Ltd.
Both Mr. Desai and Ms Spenner will be based in New York and report to William Monat, vice president and global head of mergers and acquisitions at Mosaic, Bermuda's start-up insurance company said in a statement Monday.
Mr. Monat was recently recruited to lead Mosaic's global transaction responsibility.
As senior vice president, M&A team leader, Desai will lead Mosaic's insurance group in North America. Mr Desai was previously a senior insurer for AIG, focusing on transitional risk insurance for complex M&A and secondary transactions. He previously served as a senior lawyer at Schulte, Roth & Zabel LLP.
As Senior Vice President, General Counsel, M&A, at Mosaic, Ms. Spenner will lead the guarantee over the M&A insurance portfolio. Miss Spenner was previously a senior transaction risk insurer on Everest Insurance. She has nearly a decade of experience representing public and private equity clients in a wide range of complex domestic and cross-border M&A transactions at White & Case LLP.