Mosaic Insurance Unveils New Excess Casualty Division in Bermuda

Mosaic Insurance has officially launched its excess casualty unit, marking the eighth global product line for the company. To spearhead this new venture, specialist April Andruczyk has been appointed to lead the business from Bermuda. This division, which begins underwriting immediately, aims to support large corporate and multinational clients grappling with rising liability costs, particularly in the unpredictable North American market.

The newly formed team comprises two additional Bermuda-based specialist underwriters, Andrew Watson and Chris Abraham, alongside UK consultant Mike Warwicker and junior underwriter Skyler Powell.

This strategic expansion broadens Mosaic’s portfolio beyond its seven foundational specialty lines, addressing the increasing client demand in the casualty space and delivering long-term value.

The target industry sectors for this new unit will encompass transportation, consumer goods, industrial manufacturing, utilities, construction, energy, hospitality, real estate, and life sciences. The capacity available through Mosaic’s Bermuda platform will reach up to US$10 million per risk, leveraging Mosaic Syndicate 1609, supported by syndicated partners within its global agency network.

“We are excited that April will drive our new venture forward,” stated Mark Wheeler, co-CEO at Mosaic. “This strategic expansion comes at a time when the excess casualty market faces ongoing challenges, and the need for reliable capacity remains elevated,” he added. “Our approach has been carefully considered and, like all our lines, leverages the most outstanding talent—this time, in complex excess casualty. We have strong aspirations for the product to become a significant line of business for us.”

Andruczyk, as Mosaic’s head of Bermuda, Excess Casualty, brings nearly 30 years of underwriting and leadership experience, with deep expertise in excess liability and general casualty. Most recently, she served as vice president of general casualty at Allied World Assurance Co. in Bermuda, overseeing underwriting, portfolio management, and strategic broker relationships. Prior to that, she spent 18 years with ACE Bermuda (now Chubb), managing its excess liability division after starting her career at the legacy Chubb Corp. in New York.

Bermudian Watson contributes 20 years of insurance experience, having underwritten Fortune 1000 accounts and managed extensive books of business. He was most recently a senior underwriter of excess casualty at AIG and previously worked at ACE/Chubb. His career began in London as a reinsurance broker for JLT Re’s non-marine treaty team.

Abraham, also from Bermuda, has over a dozen years of experience in the Bermuda market, starting at Integro Insurance Brokers before joining Chubb in 2020. He has worked with various Fortune 1000 clients, focusing on transport, rail, and the oil and gas sector, including energy utilities.

Warwicker boasts over four decades of experience in the U.S., London, and Bermuda markets, specializing in excess casualty. He was most recently senior vice president and head of excess liability at Chubb Bermuda, where he played a key role in expanding the firm’s high-excess casualty portfolio.

Powell, a Bermudian and former intern at Mosaic, began her underwriting career with the firm’s financial institutions unit in London and now returns to Bermuda to join the new team.

Excess casualty insurance terms and conditions have remained tight amid ongoing pressures from nuclear verdict trends, litigation finance, and social inflation, prompting insureds to seek additional capacity in Bermuda, according to Mosaic.

“Bermuda remains a durable, strategically important platform for excess casualty,” Warwicker noted. “This market is supported by a long-term track record, capital efficiency, and growing global relevance.”

With the addition of excess casualty, Mosaic now offers eight product classes, joining cyber, environmental liability, transactional liability, political risk, political violence, financial institutions, and professional liability.

Source: Mosaic Insurance

Topics
Excess Surplus
New Markets
Casualty

Mosaic Insurance has officially launched its excess casualty unit, marking the eighth global product line for the company. To spearhead this new venture, specialist April Andruczyk has been appointed to lead the business from Bermuda. This division, which begins underwriting immediately, aims to support large corporate and multinational clients grappling with rising liability costs, particularly in the unpredictable North American market.

The newly formed team comprises two additional Bermuda-based specialist underwriters, Andrew Watson and Chris Abraham, alongside UK consultant Mike Warwicker and junior underwriter Skyler Powell.

This strategic expansion broadens Mosaic’s portfolio beyond its seven foundational specialty lines, addressing the increasing client demand in the casualty space and delivering long-term value.

The target industry sectors for this new unit will encompass transportation, consumer goods, industrial manufacturing, utilities, construction, energy, hospitality, real estate, and life sciences. The capacity available through Mosaic’s Bermuda platform will reach up to US$10 million per risk, leveraging Mosaic Syndicate 1609, supported by syndicated partners within its global agency network.

“We are excited that April will drive our new venture forward,” stated Mark Wheeler, co-CEO at Mosaic. “This strategic expansion comes at a time when the excess casualty market faces ongoing challenges, and the need for reliable capacity remains elevated,” he added. “Our approach has been carefully considered and, like all our lines, leverages the most outstanding talent—this time, in complex excess casualty. We have strong aspirations for the product to become a significant line of business for us.”

Andruczyk, as Mosaic’s head of Bermuda, Excess Casualty, brings nearly 30 years of underwriting and leadership experience, with deep expertise in excess liability and general casualty. Most recently, she served as vice president of general casualty at Allied World Assurance Co. in Bermuda, overseeing underwriting, portfolio management, and strategic broker relationships. Prior to that, she spent 18 years with ACE Bermuda (now Chubb), managing its excess liability division after starting her career at the legacy Chubb Corp. in New York.

Bermudian Watson contributes 20 years of insurance experience, having underwritten Fortune 1000 accounts and managed extensive books of business. He was most recently a senior underwriter of excess casualty at AIG and previously worked at ACE/Chubb. His career began in London as a reinsurance broker for JLT Re’s non-marine treaty team.

Abraham, also from Bermuda, has over a dozen years of experience in the Bermuda market, starting at Integro Insurance Brokers before joining Chubb in 2020. He has worked with various Fortune 1000 clients, focusing on transport, rail, and the oil and gas sector, including energy utilities.

Warwicker boasts over four decades of experience in the U.S., London, and Bermuda markets, specializing in excess casualty. He was most recently senior vice president and head of excess liability at Chubb Bermuda, where he played a key role in expanding the firm’s high-excess casualty portfolio.

Powell, a Bermudian and former intern at Mosaic, began her underwriting career with the firm’s financial institutions unit in London and now returns to Bermuda to join the new team.

Excess casualty insurance terms and conditions have remained tight amid ongoing pressures from nuclear verdict trends, litigation finance, and social inflation, prompting insureds to seek additional capacity in Bermuda, according to Mosaic.

“Bermuda remains a durable, strategically important platform for excess casualty,” Warwicker noted. “This market is supported by a long-term track record, capital efficiency, and growing global relevance.”

With the addition of excess casualty, Mosaic now offers eight product classes, joining cyber, environmental liability, transactional liability, political risk, political violence, financial institutions, and professional liability.

Source: Mosaic Insurance

Topics
Excess Surplus
New Markets
Casualty