Mosaic Insurance
Mosaic Insurance is a global specialty insurer founded by Mitch Blaser and Mark Wheeler, offering a hybrid model that combines Lloyd’s of London strength with a global distribution network and advanced insurtech capabilities.
Founders
Mosaic Insurance was founded by industry leaders Mitch Blaser and Mark Wheeler. These founders bring significant experience and expertise to the company, guiding its strategic direction and growth in the global specialty insurance market.
Services
Mosaic Insurance offers a range of specialized insurance products, including political violence coverage, environmental liability policies customized for companies, transactional liability solutions with market-leading representations and warranties insurance (RWI) and tax insurance, and professional liability products that protect against industry-specific risks. Additionally, the financial institutions team provides coverage for diverse threats faced by financial sector companies.
Business Model and Technology
Mosaic Insurance operates a unique hybrid model combining the strength of Lloyd’s of London with a global distribution network. The company’s insurtech platform supports real-time data and analytics, facilitated by an API gateway for third-party capital connections. Leveraging advanced analytics powered by Amazon Web Services, and rating and pricing software from Aon Tyche, Mosaic delivers efficient solutions. The platform integrates machine-learning algorithms, natural-language processing, and blockchain infrastructure to automate risk life cycle interactions, ensuring data transparency and cost reduction. Mosaic's cloud-native platform aligns with Lloyd’s vision for 'data-first' and 'automation everywhere.'
Global Operations
Mosaic Insurance's operations span globally through wholly-owned capital management agencies in Bermuda, London, the US, and Asia, with Syndicate 1609 at Lloyd’s providing specialist services in more than 200 countries and territories. The company’s global reach is supported by a powerful platform designed to address complex risks for clients worldwide. Its Syndicated Capital Program has originated nearly USD$250 million in GWP, involving key re/insurers like Apollo, Hampden Risk Partners, Nephila Syndicate 2358, SiriusPoint, Flux Syndicate, and IQUW.
Partnerships and Data Integration
Mosaic Insurance partners with notable organizations such as LexisNexis, Dun & Bradstreet, and Standard & Poor’s IHS for data augmentation. These partnerships integrate robust data resources into Mosaic’s platform, enhancing its capabilities in delivering accurate and comprehensive insurance solutions. The company emphasizes transparency and connectivity through its API gateway, fostering seamless relationships and data sharing with third-party capital providers.