Mosaic picks new CFO from Alleghany to take business to ‘next level’

Global specialty insurer  Mosaic has tapped a senior financial services executive from Alleghany with a history at Aspen and Hiscox to help accelerate its growth strategy by creating innovative capital solutions for the business.

Reeva Bakhshi (pictured left) has joined the leadership team of Mosaic, as part of a strategic development of the specialty insurer’s corporate division.

Bakhshi takes on the role of chief financial officer (CFO), as Aizaz (Oz) Haque (pictured right) assumes the new position of capital solutions officer, both based in New York.

Bakhshi previously served as SVP, treasurer and deputy CFO at Alleghany Corporation, and board member of TransRe, RSUI and CapSpecialty. Prior to Alleghany, she was CFO at Aspen Insurance and CFO at Hiscox at a number of operations, including Hiscox Re and ILS, Europe, and Special Risks. She began her career at PricewaterhouseCoopers (PwC).

Bakhshi brings more than 25 years’ experience in financial services, including international re/insurance markets. She will lead Mosaic’s finance organisation, directing financial strategy.

With 20 years of investment banking experience, Haque will oversee alternative capital strategies to optimise capital provision for the company.

“We are excited to have Reeva join us as we embark on our next phase of growth,” said Co-CEO Mitch Blaser. “She brings a distinguished track record in the insurance industry to oversee all our financial activities. Oz’s new role sees him address ways we can build alternative capital strategies to support our development and leverage the platform we’ve built. Having Reeva and Oz focused on these respective areas will help Mosaic deliver on plans and create innovative capital solutions for our business.”

Bakhshi said: “I am thrilled to be joining Mosaic at such an important time in the company’s growth. I am excited to be working with such an entrepreneurial and experienced team, and I’m enthused by the opportunity to drive Mosaic’s development to deliver value to our stakeholders.”

Haque, a founding member of the company, noted: “Mosaic has grown rapidly and entered a new phase where capital planning and risk finance become more significant. “We welcome Reeva, and I look forward to focusing on taking our business to the next level.”

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