Macquarie Insurance Facility is set to enhance its insurance offerings following its recent approval as a Lloyd’s coverholder and a newly established binding authority agreement with Mosaic Insurance.
The firm has secured Lloyd’s coverholder status, enabling it to access Lloyd’s marketplace of insurers and underwrite contracts of insurance on behalf of partners.
It has also announced a milestone partnership with Mosaic, a global specialist insurer, which marks its foray into writing Transactional Liability Insurance on a delegated authority basis.
The strategic move to enter the market aligns with Macquarie’s broader strategy to expand its premium volume via its Managing General Agent by leveraging existing binding authority agreements.
This initiative reflects Macquarie’s commitment to providing comprehensive insurance solutions to deal teams and portfolio companies.
Nick Wilski, Global Head of Macquarie Insurance Facility, said: “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.”
Samuel Whiteman, Head of International, Transaction Liability, at Mosaic, commented, “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.”
Transactional liability has been a cornerstone of Mosaic’s model and specialty strategy since its inception in 2021, with a robust track record demonstrated by its founding executives.
The company has already deployed significant capacity in the sector, amounting to $12.5bn.
Macquarie, as one of the world’s largest insurance aggregators, manages approximately $1.6bn of premium spend annually from participating private equity, infrastructure, energy, and real estate firms.
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