Specialty insurer Mosaic Insurance (Mosaic) has boosted its business line’s international team by appointing Adam McGrath (pictured), a senior war and terrorism specialist, as its new SVP, head of international war & terrorism, political violence.
Before joining Mosaic, McGrath spent eight years at AXA XL, expanding its political violence line. He also worked at Hiscox. Before underwriting, he was a broker for Aon’s crisis-management division, focusing on terrorism.
In his new role, McGrath will be based in London and be responsible for building out the specialty insurer’s global book of business while complementing work by the division’s North American team. He will also represent Mosaic as a member of the Lloyd’s Market Association (LMA) panel on political violence.
Political violence coverage was the first product line launched globally by Mosaic in March, a month after setting up with headquarters in Bermuda. The global specialty start-up currently writes the business from Bermuda, London, and New York.
Quentin Prebble, the chairman, war & terrorism, political violence at Mosaic, commented: “We are delighted to welcome Adam to Mosaic.
“He brings extensive market experience as both a senior broker and leading underwriter and has very strong relationships in the broking fraternity and among clients, so he is a valuable addition to our division.”
Commenting on his new role, McGrath said: “I am really excited to be joining Mosaic and have great respect for its leadership team.
“I look forward to helping develop this product line amid an interesting time in our market. Clients require broader coverage than ever before, which presents challenges, but also opportunity. Our aim is to service this growing demand and build a book of business that rivals market leaders over the next five years.’’