Bermudian-based Mosaic Insurance has expanded its international transactional liability team in the United Kingdom, offering what it says is certainty amid an increasingly volatile cross-border deal environment.

The company has added four employees to its London-based unit in recent months, with underwriters and analysts focused on M&A activity in Britain, Europe, the Middle East and Africa.

“Turbulent economic conditions and geopolitical uncertainty are concerning and challenging in every respect, including for those engaged in M&A transactions,” said global head of transactional liability William Monat.

“Mosaic’s investment in building a deep and talented transactional liability underwriting team reflects our commitment to bring market-leading execution to M&A transactions on a global scale.

“As parties navigate emerging risks in getting deals to closing, differentiated underwriting talent and thoughtful, responsive execution is a critical piece of the equation and one where we offer broking partners and clients discerning solutions.”

Sam Whiteman joined Mosaic in November as head of international transactional liability, launching the London platform with manager Andrew Gofton-Salmond.

Mr Whiteman said: “Commercial enterprises around the world are acutely focused on cross-border risks and exposures amid today’s swiftly moving circumstances.

“Buyers and sellers are seeking to diligence and close deals on tight timelines, while avoiding holding funds in escrow through use of warranty and indemnity insurance and other products — increasingly, they are seeking certainty in executing these transactions.”

Recent additions to Mosaic’s transactional liability team in London include Frances Gerrard, manager; Ciaran O’Hara, AVP, underwriter; Ignacio Lopez Regules, analyst; and Vladislàva Pràngadzhiýska, analyst.

Mosaic’s UK buildout follows a parallel expansion of its North American transactional liability division since hiring Mr Monat last April.

The New York-based unit began underwriting M&A coverage in July, including representations and warranties insurance and other transactional risk products.

Since then, its US-based team has grown to include a total of 17 specialists.