Mosaic Insurance Introduces Excess Casualty Line in Bermuda
Mosaic Insurance Expands with New Excess Casualty Line in Bermuda
Mosaic Insurance has broadened its portfolio by introducing an excess casualty line from its Bermuda base. This strategic addition marks the company's eighth product line, focusing on a market characterized by increasing loss events and market volatility in North America.
Leading the new business is April Andruczyk, appointed as the head of Bermuda's excess casualty operations. The facility is currently operational, designed to serve large corporate and multinational clients facing challenges such as social inflation, litigation financing, and "nuclear" verdict trends. The unit will offer coverage of up to $10 million per risk through Mosaic's Bermuda platform, integrated with Mosaic Syndicate 1609 and backed by syndicated partners.
This expansion aligns with Mosaic's existing specialties, including cyber, environmental liability, transactional liability, and others. Target industries for the new line include transportation, industrial manufacturing, utilities, and real estate. The underwriting team boasts expertise with specialists such as Andrew Watson and Chris Abraham in Bermuda, junior underwriter Skyler Powell, and UK-based consultant Mike Warwicker.
Mark Wheeler, Mosaic's co-CEO, emphasized the strategic timing of this launch to address market challenges and meet the demand for dependable capacity. "Our approach leverages specialist talent, particularly in complex excess casualty, and we aim for this line to grow significantly," Wheeler noted.
Andruczyk, who brings nearly three decades of experience, previously served in senior roles at Allied World Assurance Company and ACE Bermuda. Toby Smith, Mosaic's Americas CEO, highlighted her appointment as pivotal for the unit's success. "April's expertise and relationships in the broker community are invaluable as we pursue opportunities in this dynamic market," said Smith.
Warwicker praised Bermuda's continued importance in the excess casualty sector, citing its strategic advantages and capital efficiency. "Bermuda remains a key platform for global excess casualty placements, benefiting from its longstanding market presence," he stated.
Industry Developments
The reinsurance broking branch of Lockton recently promoted two executives as part of its expansion strategy. According to WTW research, global M&A activity saw growth for the second year in 2025, with notable large transactions, though Q4 volatility could indicate potential challenges in 2026.
AIG announced the appointment of Andersen as president and CEO-elect, effective February 16, 2026. In personnel changes, Scott Cobon transitions to a new role from Artex, while Dick Heath joins Price Forbes from Gallagher where he served as CEO of Asia.
These developments underscore the dynamic shifts within the insurance industry, reflecting strategic growth, leadership changes, and the ongoing importance of robust reinsurance and global market activity.