Mosaic Insurance is continuing the buildout of its Environmental Liability division across the Americas, adding 13 leading US environmental risk specialists to the team.

The division, which the company launched as its seventh line of business less than two years ago, now has specialists in seven cities across the US and environmental risk experts, who have already established a strong market presence in the US, Britain, Canada, Australia, Central America and Europe.

Jim Finnamore, Mosaic’s global head of Environmental Liability, said: “This accelerates our scale-up in the US, Canada and wider Americas, and paves the way for immediate, broad market engagement across the region at a time when it’s most needed.

“There’s a lot of flux in the market — and fewer carriers offering the technical proficiency and flexibility needed to address the rise in complex environmental risks and emerging pollution issues.”

Toby Smith, Mosaic’s CEO, Americas, said: “The US is the largest, most dominant environmental liability market globally and it’s vital to our strategic growth plan at Mosaic.

“We believe this buildout brings great opportunity to diversify our book of business and further expand our product suite.”

Mosaic said the newly hired team includes senior specialists with deep experience handling risks across broad segments of the market, including energy, manufacturing, chemical, real estate, municipal, transactional and development exposures — as well as creating innovative solutions for emerging markets such as energy transition, with product expertise in areas such as carbon sequestration exposures and tax liabilities.

Mosaic also plans to launch a combined general liability and pollution policy later this year.

Team members comprise AVP Iraj Dehnavi, SVP Maureen Domenicone, VP Patrick Enderlin, SVP Patrick Grassl, SVP Max Horn, SVP Noelle MacDonald, SVP Karen Reilly, SVP Rob Stedman, VP Melissa Sweeney, AVP Sophia Terzulli, SVP Dan Weber and VP Vesta Zavistauskaite.

Claims specialist Thomas Duggan also joins the company as head of Environmental Claims.

“Claims integration with underwriting is an integral part of our ethos and business practice,” Mr Finnamore said.

“Together, our team, like all divisions at Mosaic, will continue to operate as one global entity delivering cross-border solutions to our valued broker partners and clients.”

Mosaic underwrites across seven product lines selected for high technical barriers to entry and relevance to current and projected geopolitical and economic conditions: cyber, transactional liability, environmental liability, political risk, political violence, financial institutions and professional liability.

The company’s agency model combines capacity from its Lloyd’s syndicate, 1609, with capital from carrier partners seeking regional access and deep expertise in non-commoditised lines.