Mosaic Insurance has opened an office in Singapore and hired two specialty underwriters to build its transactional liability business across the APAC region.
Benn Wilson will serve as regional CEO and head of Asia for Mosaic’s transactional liability division, while Edwin Chau has been appointed as manager of transactional liability.
Wilson specialises in the M&A insurance sector. Before joining the industry in 2015, he was a corporate and private M&A solicitor for Ashurst LLP and in-house counsel for telecoms company Ooredoo.
As well as managing transactional liability, Chau will focus on developing the company’s M&A insurance business across the region.
Prior to Mosaic, Chau spent three years at AIG, where he was responsible for underwriting transactional liability insurance in the region. Before that, he was a director at Aon’s transaction risks team for more than six years.
Underwriting for Mosaic’s Singapore platform is provided by the company’s Lloyd’s Syndicate 1609, managed by Asta Managing Agency. Asta’s service company, set up on the Lloyd’s Asia platform in Singapore, supports Mosaic with underwriting oversight and regulatory compliance services.
Mosaic’s new office marks Mosaic’s eighth since the company launched in February 2021.
The specialty insurer focuses on seven lines of business: transactional liability, cyber, financial institutions, professional liability, political violence, political risk, and environmental liability.
David White, underwriting director at Mosaic, says: “Our Singapore office, under Benn’s leadership, enhances the global underwriting access we have built to date and our Lloyd’s platform allows us to leverage relevant licenses and respected ratings to speed business growth.”
Wilson adds: “Singapore is the ideal location from which to build an Asian business, as it’s a key regional hub for specialty insurance and, in particular, for the transactional liability market.”
