Global specialty insurer, Mosaic Insurance, has announced the appointment of Toby Smith as Americas CEO, effective from July 23.
Smith, based in New York, will join the insurer’s leadership team, where he will be responsible for spearheading market engagement and driving profitable growth across the US, Canada, and the broader Americas region, according to the Coverager.
Mosaic Insurance, launched in February 2021, is a specialty insurer with close to 180 employees across seven countries.
The company underwrites across seven product lines chosen for their high technical barriers to entry and relevance to current and projected geopolitical and economic conditions.
These lines include cyber, transactional liability, environmental liability, political risk, political violence, financial institutions, and professional liability. Mosaic’s model combines capacity from its Lloyd’s syndicate, 1609, with capital from carrier partners seeking regional access and deep expertise in non-commoditised lines.
Smith brings over 20 years of experience in the specialty insurance industry to his new role.
Most recently, he served as chief underwriting officer, North America specialty lines, for Liberty Mutual. Smith has a rich history with Mosaic’s leadership, having worked together at Ironshore Inc from 2009, where he launched its environmental business and held various roles including president of environmental and president of E&S casualty.
He began his career at AIG, managing a team in its environmental claims and coverage unit before transitioning to underwriting. Smith holds a bachelor of arts from Colgate University and a JD from Washington & Lee School of Law.
At Mosaic, Smith will direct new product development and oversee Americas-focused lines of business, including the company’s three largest divisions—transactional liability, cyber, and environmental liability. His extensive background and expertise will be instrumental in accelerating Mosaic’s growth trajectory and strategic ambitions in the critical US region.
“Toby is a longtime colleague with an exceptional track record that has seen him build the largest environmental business in the market. He will be instrumental in continuing our growth trajectory and accelerating our strategic ambitions across specialty product lines globally and in the critical US region. As he joins our impressive team, we look forward to creating significant value for our stakeholders, partners, and customers,” said, Mosaic’s co-CEO Mitch Blaser said.
Co-CEO Mark Wheeler added, “Our unique underwriting agency structure and syndicated products are delivering an impact across global markets, and the appointment of a high-caliber leader like Toby demonstrates our commitment to driving further profitable expansion through the Americas. As we gather momentum, he is the right person at the right time to scale up our business and help us seize the great opportunities ahead, and we look forward to working with him again.”
Smith expressed his enthusiasm about joining Mosaic, stating, “I’m thrilled to join Mosaic at this stage of its tremendous growth, and I look forward to working with its dynamic team—including Mitch, Mark, and other former colleagues—to deliver expansion, innovation, and success. Mosaic is a young company that in a short time span has won recognition and market respect for its differentiated model, leading underwriters, and highly specialised business lines. The opportunity to join that journey and help shape its roadmap for the future is energising.”
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