Mosaic builds specialty team in Canada

Mosaic has built out five specialty lines of business across Canada since opening an office in Toronto, Ontario last July: cyber, transactional liability, financial institutions, professional liability, and environmental liability. “We’re tremendously proud of building our team of strong underwriting talent in five core product lines across all major Canadian geographies,” said head of Canada Ian Fraser. “It’s a lot to have accomplished in a relatively short period of time. Our focus remains on creating innovative solutions for clients.” Fraser, who has more than 20 years’ experience in the specialty sphere and underwrites cyber, financial institutions, and professional liability, is joined in the Toronto hub by a team of four fellow specialists: Reynaldo Batac, VP, underwriter, professional liability, cyber & financial institutions, Kyle Gray, VP, underwriter, cyber, Ricardo Philip, VP, underwriter, environmental liability and Charlie Zilvytis, VP, underwriter, transactional liability. Batac has more than 16 years of experience in several sectors of the insurance industry, including claims adjusting, risk engineering, insurance placement, and underwriting. He has spent most of his career focused on underwriting management liability exposures. Previously, he developed and led the financial, professional, technology and cyber divisions at Sovereign Insurance in Toronto. Gray has 14 years of underwriting experience in specialty insurance, previously leading a start-up Canadian cyber MGA. Prior to that, he developed and led profitable cyber, errors & omissions, and directors & officers portfolios at CNA Canada and Trisura. Philip has more than 25 years of environmental insurance experience in loss control, underwriting, and portfolio management at AIG, ACE INA Insurance (now Chubb), and Markel Canada. He started his environmental-risk consulting company in 2018 and most recently worked for an Ontario environmental contractor, carrying out estimation, tender negotiation, and project management. Charlie Zilvytis focuses on complex Canadian and international M&A transaction risks. Previously he worked as a corporate associate at Osler, Hoskin & Harcourt, representing clients in a broad range of corporate matters, including M&A and private equity transactions. Mosaic’s hybrid global model combines capacity from its own Lloyd’s syndicate, 1609, with capital from a consortia of carrier partners seeking regional access and underwriting expertise in non-commoditised specialty lines, while Mosaic retains decision-making control over rates, line sizes, and claims settlement. “Our syndicated capital programme is an integral part of the differentiating value we offer the Canadian market,” said Fraser. “It allows us to distribute syndicated capacity directly, and that provides diversification to clients. It’s what they want and it’s unique in Canada.”

Mosaic builds specialty team in Canada

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