Mosaic Insurance has announced a reorganisation of two core underwriting hubs - Dubai and Singapore -- to align international resources and support its next phase of growth.
Under the restructure, CEO of Mosaic Singapore, Mr Benn Wilson, relocates to Dubai to service the Middle East and Asia from a single underwriting hub. The shift consolidates the company’s global footprint and strengthens its model for expanding specialty business.
Mr Tim Glover, Mosaic’s Chief Underwriting Officer, said in a statement released last week, “The move enables the firm to better align our structure with regulatory and capital considerations and refocus resources where we see the greatest opportunity for our clients, brokers, and partners across both regions.”
The specialty insurer opened its Singapore office three years ago, in March 2023, to write transactional liability business in the Asia-Pacific region.
As a result of the move, Mosaic’s Singapore service company will remain in place to administer existing policies. Effective immediately, it will no longer accept new transactional liability submissions directly. The company is engaging actively with Lloyd’s Asia to ensure an orderly closure of its Singapore operations, with no interruptions to client service and in compliance with all regulatory obligations.