Mosaic launches fifth office in Canada with Sovereign hire

Specialist insurer  Mosaic Insurance is opening an office in Toronto, Ontario and has hired underwriting specialist with 20 years’ experience to spearhead its move into the market.

Ian Fraser (pictured) joins as president of  Mosaic Insurance Services Canada responsible for operational strategy and growth, with core business lines comprising professional liability, cyber, financial institutions, and transactional liability.

Fraser has previously worked as an underwriter HDI-Gerling Industrie Versicherung, RSA Canada and, most recently was head of cyber/technology & professional lines for Sovereign Insurance in Toronto.

“We are very excited about the launch of  Mosaic Canada under Ian Fraser’s leadership and the tremendous opportunity we to have to distribute syndicated capacity directly in the Canadian market in the four classes we have selected,” said  Mosaic's underwriting director David White. “This is part of our ongoing strategy to build out broader geographical market access for our products.”

Fraser said: “I’m thrilled to be joining the global  Mosaic team with the mandate of setting up roots and leading its Canadian business. This is an exciting time and a unique opportunity. The marketplace has struggled in recent years with performance and capacity in the FI, PL, and cyber lines of business, and the  Mosaic proposition will bring a refreshing and much-needed value-add to the Canadian marketplace.”

Toronto will be  Mosaic's fifth global office, following those in Bermuda, London, New York, and Chicago.

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