Mosaic Insurance has opened an office in Dubai, UAE, as a strategic regional platform to access risks from across the Middle East, Africa, and South Asia (MEASA) market.
Three specialist underwriters, along with a finance team member, will be based at the new location — the seventh for Mosaic as it approaches its second anniversary next month.
Political risk specialist Dhruv Sharda joins the company as senior executive officer to head up underwriting operations. Sharda previously worked in Dubai as a senior underwriter, focused on structured trade credit and political risk in the region, and in London writing political risk coverage.
Joining Sharda are senior underwriter Josh Hearnden, who will develop Mosaic’s political violence portfolio, and cyber specialist Rob Storer, a 12-year industry veteran who will develop Mosaic’s cyber portfolio in the Middle East. Ryan Rego also joins the office as a financial accountant.
The company’s other physical hubs are located in Bermuda, London, New York, Chicago, Toronto, and Frankfurt.
Mark Wheeler, co-CEO of Mosaic, says: “We now have seven business lines and a presence across seven key geographic business regions. Our growth is being driven by globalisation and technology, and our proximity to clients means greater risk awareness, superior solutions and a seamless claims response.”
Sharda adds: “I’m delighted to open Mosaic’s new venture in Dubai. The region’s insurance sector has grown significantly in recent years, particularly in terms of awareness of the need for pragmatic solutions to manage fast-emerging specialty risks. Mosaic’s advantage will be having on-the-ground underwriters to bring custom expertise and capacity closer to insureds in the region.”
