Mosaic Insurance, a specialty insurer focused on financial institutions and cyber risk, has expanded its investment management insurance (IMI) offering with a new modular format that provides up to $20 million capacity per risk.
The updated IMI product combines traditional financial institutions coverage with comprehensive cyber protection, now including first- and third-party coverages and technology errors and omissions insurance. The approach is designed to address the increasingly complex and intertwined risks faced by investment managers today.
“This coverage offers a customised approach for investment managers when purchasing their IMI and cyber insurance,” commented Tom Dilley, Mosaic’s Global Head of Financial Institutions. “Risk exposures for investment managers are evolving rapidly and claims can often be complex and straddle policy coverages; this allows a single solution with bespoke features.”
Designed to meet the diverse demands of the investment sector amid market volatility and high interest rates, the IMI form consolidates professional liability, directors and officers (D&O), crime, and cyber coverage into a single policy. Clients can select either fully blended coverage or standalone limits on a modular basis, depending on their needs.
“This rollout reflects the best of what Mosaic can offer—deep expertise across specialty lines, a commitment to innovation, and true collaboration between teams,” said David Drogin, Head of Americas, Cyber, at Mosaic. “By bringing together FI and cyber under a unified form, we’re offering clients streamlined, sophisticated coverage that reflects how risks intersect in today’s world.”
The modular design also allows Mosaic to provide flexible, tailored solutions for unique or complex risk profiles.
“This is especially compelling for the Bermuda market, where primary solutions are more limited and excess has always been the go-to,” stated Mosaic’s Melissa Pereira, VP, Underwriter, Cyber. “We’re also providing regional access through the US and Canada so clients can tap into it wherever it makes most sense for them—the benefit of our distribution reach and single P&L that aligns our global capabilities.”
“A key gap in the Canadian marketplace is that many insurers struggle to align FI and cyber risk appetites. This often results in clients receiving inconsistent programme structures and insurer relationships across coverages,” said Ian Fraser, Head of Canada for Mosaic. “We directly address this gap, which helps foster deeper client relationships and deliver stronger outcomes.”
Mosaic Insurance, recognised for its specialty lines and innovative risk solutions, continues to provide integrated coverage that addresses the full spectrum of financial and cyber exposures for the investment industry.
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