Mosaic pads UK transactional liability team with string of new hires

Specialty insurer  Mosaic has padded its international transactional liability team in the UK with a spate of new hiring.

The company has added four new executives to its London-based team of underwriters and analysts focused on M&A activity in Britain, Europe, the Middle East, and Africa.

New hires include CMS law offices veteran Frances Gerrard for a managerial advisory post on deals, AIG and Chubb veteran Ciaran O’Hara for an underwriting post, Amazon veteran Ignacio Lopez Regules and UniCredit veteran Vladislàva Pràngadzhiýska to analyst posts.

Mosaic’s UK buildout follows a parallel expansion of its North American transactional liability division. The New York-based unit began underwriting M&A coverage in July, including representations and warranties insurance (RWI) and other transactional risk products. Since then, its US-based team has grown to include a total of 17 specialists.

Mosaic's global head of transactional liability William Monat said: “Turbulent economic conditions and geopolitical uncertainty are concerning and challenging in every respect, including for those engaged in M&A transactions. Mosaic’s investment in building a deep and talented transactional liability underwriting team reflects our commitment to bring market-leading execution to M&A transactions on a global scale.”

Mosaic's co-creator of the London transactional liability platform Sam Whiteman said: “Commercial enterprises around the world are acutely focused on cross-border risks and exposures amid today’s swiftly moving circumstances. Buyers and sellers are seeking to diligence and close deals on tight timelines, while avoiding holding funds in escrow through use of warranty and indemnity insurance and other products. Increasingly, they are seeking certainty in executing these transactions.”

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