Veteran specialty market executive Toby Smith has joined Mosaic Insurance as Americas CEO.

The Bermudian-based company said Mr Smith, based in New York, is a top-ranking industry figure who will become a member of the specialty insurer’s leadership team, with specific responsibility for spearheading market engagement and profitable growth across the United States, Canada, and the wider Americas region.

“Toby is a longtime colleague with an exceptional track record that has seen him build the largest environmental business in the market,” said Mosaic’s co-CEO Mitch Blaser.

“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.”

Co-CEO Mark Wheeler said: “Our unique underwriting agency structure and syndicated products are delivering an impact across global markets, and the appointment of a high-calibre 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.”

Mr Smith has more than 20 years’ experience in the specialty insurance industry, most recently as chief underwriting officer, North America specialty lines, for Liberty Mutual.

He previously worked with Mosaic’s leadership at Ironshore Inc from 2009, launching its environmental business, and holding various roles, including president of environmental and president of E & S casualty.

At Mosaic, Mr 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.

He said: “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 road map for the future is energising.”