Macquarie teams up with Mosaic for Lloyd’s coverholder status.

April 29, 2024
1 min read



TLDR:

Macquarie Insurance Facility has gained Lloyd’s coverholder status and partnered with Mosaic Insurance to enhance its insurance offerings. The move aligns with Macquarie’s strategy to expand its premium volume and provide comprehensive insurance solutions to deal teams and portfolio companies.

  • Macquarie gains Lloyd’s coverholder status and partners with Mosaic Insurance.
  • Strategic move aligns with Macquarie’s broader strategy to expand premium volume and provide comprehensive insurance solutions.

Full Article:

Macquarie Insurance Facility has recently received approval as a Lloyd’s coverholder and established a binding authority agreement with Mosaic Insurance to enhance its insurance offerings. This strategic move allows Macquarie to access Lloyd’s marketplace of insurers and underwrite contracts of insurance on behalf of partners. The partnership with Mosaic marks Macquarie’s entry into writing Transactional Liability Insurance on a delegated authority basis.

Nick Wilski, Global Head of Macquarie Insurance Facility, emphasized the firm’s commitment to providing comprehensive insurance solutions to deal teams and portfolio companies. The partnership with Mosaic will accelerate efforts to become a leading provider in the insurance market.

Samuel Whiteman, Head of International, Transaction Liability, at Mosaic, expressed excitement about the partnership and the opportunity to provide capacity in a critical line of business for both firms. Macquarie’s long-term commitment to deploying transactional insurance aligns well with Mosaic’s mission to provide solutions in the sector.

Transactional liability has been a cornerstone of Mosaic’s model and specialty strategy since its inception, with a significant capacity already deployed in the sector. Macquarie, as one of the world’s largest insurance aggregators, manages a substantial premium spend annually from various sectors like private equity, infrastructure, energy, and real estate.

Overall, the partnership between Macquarie and Mosaic signifies a strategic move to expand premium volume, provide comprehensive insurance solutions, and accelerate growth in the insurance market. The alignment of both firms’ long-term commitments and expertise in the sector bodes well for future success in providing meaningful solutions to deal teams and portfolio companies.


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