Hamilton, Bermuda-based global specialty insurance company Mosaic Insurance Holdings Inc. officially began operations in Bermuda, London, the United States and Asia, the company said Thursday.
Mosaic is led by CEO Mitch Blaser, former CEO of Ironshore. Bermuda. Its anchor investor is Golden Gate Capital, a private equity firm in San Francisco, which will own a majority stake in the insurer through its financial portfolio company, Angel Island Capital.
Mosaic said it combines Lloyd & # 39 ;s Syndicate 1609 with a wholly owned syndicated asset management firm.
It is said that as a leading primary inventory market, Mosaic is focused on high-value, specialized business areas with steep technical barriers to entry and strong growth trends, including transactional responsibility, cyber, political risk, political violence, environmental, economic and professional lines.
"We saw a unique opportunity in the market and saw a new powerful way to syndicate capital to manage customers' most complex risks," Blaser said in the statement. [1