Mosaic Insurance has appointed Finn McGuirk to lead its political risk business in its London team.
McGuirk will serve as senior vice president, head of political risk, responsible for building one of seven lines the new insurer will underwrite globally through its Lloyd’s Syndicate 1609.
He has close to 25 years of experience in the political risk market. He initially started his career as a broker before moving to underwriting.
Most recently, he worked as head of the political risk and trade credit accounts for Pembroke Syndicate 4000 at Lloyd’s and headed similar divisions at AXA ASR and CNA Hardy.
He has also worked at Chaucer Syndicates and Berry Palmer & Lyle.
Commenting on his new role, McGuirk, says: “It’s a privilege to join a forward-thinking company like Mosaic at a time when political risk is increasingly affecting clients in volatile regions.”
With the negative fallout of COVID-19 on economies and lives worldwide, McGuirk explains that this class of insurance will play “a growing, vital role in helping emerging markets leverage inward investment to recover”.
Mark Wheeler, who joined Mosaic Insurance as co-CEO in April, notes: “Escalating economic stress and social unrest caused by the pandemic mean the risks associated with cross-border exposures and investments have never been greater.”
“The complex nature of political risk insurance demands deep market knowledge, so we’re very proud to welcome someone of Finn’s exceptional underwriting talent in this field to our team,” he concludes.
Recently, Mosaic Insurance also appointed Anna Jay and Christopher Webb to join its London underwriting team.
