Insurance aggregator Macquarie Insurance Facility, which is now a Lloyd’s coverholder, has partnered with global specialist insurer Mosaic Insurance to write transactional liability insurance on a delegated authority basis.

Announcing the expansion of its insurance capabilities, Macquarie noted: “The new agreement gives Macquarie follow form binding authority on behalf of Mosaic Syndicates 1609 and 5399, enabling it to write transactional liability insurance using capacity provided by Mosaic.

“The move forms part of Macquarie’s strategy to write a greater volume of premium via its managing general agent by broadening the capacity currently provided to it under existing binding authority agreements.”

As one of the biggest insurance aggregators in the world, Macquarie oversees approximately US$1.6 billion of premium spend annually from private equity, infrastructure, energy, and real estate companies.

Commenting on the partnership, Mosaic’s international head for transaction liability Samuel Whiteman (pictured) said: “We’re delighted to partner with Macquarie to support its successful application as a Lloyd’s coverholder and provide capacity in a critical line of business for both firms.

“Macquarie’s long-term commitment to successfully deploying transactional insurance aligns well with Mosaic’s mission to be a lead global market providing meaningful solutions in the sector. This partnership highlights our continued growth and investment in the M&A sphere.”

Mosaic, since launching in 2021, has deployed around US$12.5 billion in capacity in the sector.

Nick Wilski, global head at Macquarie, had this to say: “Over more than a decade, we have drawn on our deep relationships with financial sponsors, insurers, and brokers to unlock solutions in the insurance market.

“The opportunity provided by our Lloyd’s coverholder status and partnership with Mosaic will help us go further, accelerating our efforts to become a leading provider of insurance solutions to deal teams and portfolio companies.”

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