stavan-desai-and-katherine-spenner-senior-vice-presidents-mosaic
Stavan Desai and Katherine Spenner, senior vice presidents, Mosaic
24 May 2021Insurance

Mosaic names two M&A specialists to its US transactional liability team

Mosaic, the specialty insurer that launched in February, has hired two mergers and acquisitions (M&A) specialists within its US transactional liability team in New York.

Stavan Desai and Katherine Spenner join Mosaic as senior vice presidents, reporting to William Monat, global head of M&A.

Desai is named M&A team leader, responsible for Mosaic’s underwriting team in North America. He was formerly a senior underwriter for AIG, with a focus on transitional risk insurance for complex M&A and secondary transactions.

He has also served as a senior attorney at Schulte Roth & Zabel, where he concentrated his domestic and cross-border practice on private equity, M&A, leveraged buyouts, and alternative asset management transactions.

Spenner becomes chief legal officer for M&A, having previously served as a senior transactional risk insurance underwriter at 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 and Torys.

Monat said: “Highly skilled and thoughtful execution is critical in the M&A insurance sector, and [Desai and Spenner] each bring deep expertise that will be instrumental to our success as we build our transactional risk business.”

Since its launch Mosaic has assembled a team of leading underwriters to build carefully selected products in its specialty portfolio. To date, these include war, terror and political violence, political risk and cybersecurity.

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
15 July 2021   Its new team of M&A specialists include senior hires form Willis Towers Watson, AIG and Everest.
Insurance
14 June 2021   She specialises in assessing and underwriting complex cyber risks across North American markets.
Insurance
17 May 2021   The appointment has held similar roles at Pembroke Syndicate 4000, AXA ASR and CNA Hardy.