Mosaic restructures Singapore and Dubai underwriting hubs

Mosaic Insurance  is consolidating its underwriting operations in Asia and the Middle East, relocating its Singapore leadership to Dubai as part of a broader effort to streamline its global operating model.

Under the changes, Singapore CEO Benn Wilson will move to Dubai, creating a single underwriting hub serving both regions. The move is designed to better align capital, regulatory requirements, and underwriting resources as the specialty insurer scales its international footprint.

The restructuring also includes the closure of new business underwriting in Singapore. While the local service company will remain to manage existing policies, new transactional liability submissions will be routed through Mosaic’s offices in the US, UK, UAE, Europe, Canada, and Bermuda.

The Singapore office was launched in 2023 to support transactional liability underwriting in Asia-Pacific. The decision to scale back reflects structural and capital considerations, rather than a pullback from the region or product line. Mosaic reaffirmed its commitment to the global M&A liability market, with expectations for continued growth, particularly in tax liability.

The company is working with Lloyd’s Asia to ensure an orderly transition, with no disruption to policyholders or broker partners.