Mosaic Announces Launch of Global Specialty Insurance Platform With Next-Generation Underwriting Capabilities

first_img Pinterest Twitter By Digital AIM Web Support – February 4, 2021 Mosaic Announces Launch of Global Specialty Insurance Platform With Next-Generation Underwriting Capabilities Twitter WhatsApp WhatsApp Facebookcenter_img TAGS  Facebook HAMILTON, Bermuda–(BUSINESS WIRE)–Feb 4, 2021– Mosaic, a next-generation global specialty insurer combining newly-formed Lloyd’s Syndicate 1609 with sophisticated underwriting talent, has launched operations in Bermuda, London, the United States and Asia. Mosaic is founded by seasoned industry executive Mitch Blaser, who serves as the company’s CEO. 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. 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. “We saw a unique opportunity in the market and envisioned a powerful new way to syndicate capital to manage clients’ most complex risks,” said Blaser. “While current conditions, including COVID-19, a hardening market, and geopolitical and technology exposures, are driving heightened demand for the products we offer, our vision is long-term. Led by a team of recognised talent with a proven track record, Mosaic is creating a new model for the industry—set apart by a clean balance sheet, an insurtech platform and disciplined focus on specialty products.” Mosaic’s leadership team members bring deep experience in building profitable global specialty businesses, both at Lloyd’s, where they achieved top-quartile performance, and internationally. In addition to Blaser, a 40-year industry leader and founding executive of Bermuda-based Ironshore, the team includes Lisa Fontanetta, Chief of Staff; Krishnan Ethirajan, Chief Operating Officer; Oz Haque, Chief Financial Officer; Chris Brown, EVP, Syndicated Capital Management; Charlie Mackay, EVP, Active Underwriter, Mosaic Syndicate 1609; and Olly Reeves, Group Chief Risk Officer. “The strategic partnerships we’ve established provide a fantastic platform to build our leading global specialty brand,” added Blaser. “Golden Gate is the perfect investment partner, with a long-term investment philosophy, permanent capital structure and significant insurance and financial services expertise.” “We are very excited to partner with Mitch and the best-in-class Mosaic team on this new venture,” said Dan Haspel, a Managing Director at Golden Gate Capital. “This is a very opportune time to invest, as Mosaic’s specialty lines insurance platform will be well-positioned to capitalize on the growing demand for additional risk capacity, driven by the hardening rate environment.” Mosaic has teamed 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. About Mosaic Mosaic is a next-generation global specialty insurer harnessing visionary leadership, unmatched underwriting talent, a focus on complex product lines, and a digitised operating model. Coupling Lloyd’s Syndicate 1609 with a wholly-owned syndicated capital management agency, Mosaic is uniquely positioned to offer capacity to clients in leading markets around the world. For details, visit http://mosaicinsurance.com/ and follow @Mosaic1609. About Golden Gate Capital Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Representative financial services investments sponsored by Golden Gate Capital include Nassau Financial Group, Williston Financial Group, Aperio Group, LLC and Angel Island Capital Management, LLC. For more information, visit www.goldengatecap.com. About Asta Asta Managing Agency is the leading third-party managing agent at Lloyd’s and is responsible for 10 syndicates and three SPAs with capacity under management in 2021 of more than £1.3 billion. View source version on businesswire.com:https://www.businesswire.com/news/home/20210204005696/en/ CONTACT: Mosaic Rosemary Jones 1-441-337-4696 /[email protected] Verbinnen & Co David Isaacs / Chloe Clifford [email protected] KEYWORD: BERMUDA CARIBBEAN INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES INSURANCE FINANCE SOURCE: Mosaic Copyright Business Wire 2021. PUB: 02/04/2021 09:00 AM/DISC: 02/04/2021 09:01 AM http://www.businesswire.com/news/home/20210204005696/en Pinterest Local NewsBusiness Previous articleUS Patent and Trademark Office (USPTO) Awards Hughes Tool Company Inc. Patent for Revolutionary Invention That Eliminates Battery Challenges and Limitations for Electric Vehicles (EV)Next articleSoftwareReviews Announces Digital Workspace Award Winners Digital AIM Web Supportlast_img read more

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Allicock ranked #19 by AIBA; lone Guyanese in latest world ranking

first_imgGuyana and the Caribbean’s bantamweight Champion, Keevin Allicock, has moved up to #19 in the world, according to the latest International Boxing Association (AIBA) rankings.The ranking, which Allicock told Chronicle Sport is a “blessing,” made him the only Guyanese named on the AIBA listing.“I really appreciate this because there are like over 2000 boxers in the division (bantamweight) and to know that I’m ranked in the top 20 is something special for me and my country,” Allicock said in an exclusive interview with Chronicle Sport.Allicock, 21, won Silver at the 2017 Youth Commonwealth Games in the Bahamas. He said he’s grateful for the exposure given by the Guyana Boxing Association (GBA), which allowed him to compete at the almost every major sporting event that had warranted the representation of boxing.Delon Allicock, Keevin’s older brother, was the last Guyanese boxer to be highly-ranked by AIBA and was also coached by Sebert Blake.“It feels good following in my brother’s footsteps, which makes this feeling even more special. However, I have a long way to go. This ranking shows that we have talented boxers in Guyana that can compete with anyone in the world. We just need the exposure and we’ll do great. I hope that next time, we’ll have more Guyanese in the rankings as well,” Allicock noted.The Current World Bantamweight Champion is Mirazizbek Mirzakhalilov of Uzbekistan.President of the Guyana Boxing Association Steve Ninvalle in a release congratulating Allicock, promised that it is only a matter of time before more local boxers emulate the current Caribbean bantamweight champion.“We are proud of his achievement and our plan and expectation is that others will follow in his footsteps when the doors of boxing are opened again,” Ninvalle said.Ninvalle revealed that Allicock’s climb on the AIBA rankings, has much to do also, with his quarter-final placing at the Pan Am Games in Peru.In the quarter-final of the Pan Am qualifiers in Nicaragua, Allicock had loss by walkover to his Dominican Republic opponent, after the fight supervisor deemed his vest colour inappropriate for competition.It was not only after a protest filed by Ninvalle to the sport’s governing body, was Allicock able to qualify for the Pan Am Games in Lima, Peru.Allicock, along with Desmond Amsterdam, Collin Lewis and Dennis Thomas, only returned to Guyana on Friday after being stranded in Cuba for 126 days, where they had gone to prepare for the now-postponed AMBC Olympic Qualifiers.Meanwhile, Blake said Allicock’s achievement came as no surprise and said it was “only a matter of time before he’s really recognize for what he has accomplished.”Blake noted that Allicock had done “pretty well in the Americas, even though he had some bad decisions against him. Most of the boxers that he fought went on to win medals and I think that propelled him up the ranking. It’s a great milestone for Guyanese boxing and this is a great step for Keevin as well.”Considered as one of the finest coaches in the Caribbean, Blake said he’s in the process of completing a report to the Guyana Olympic Association (GOA) and the GBA, where he will outline, based on the new AMBC requirements to train boxers using their COVID-19 measures, how Allicock and others will get back into training.Looking ahead, Allicock said he’s staying focus to qualify for the Olympics next year, where he’s also hoping to join Michael Parris.Parris, at the 1980 Olympics, won Bronze in the bantamweight division. It stands as Guyana’s only medal at the Olympic Games.last_img read more

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