Mosaic Insurance is closing its Singapore underwriting operations and consolidating its Asia and Middle East business under a single Dubai hub, the specialty insurer has announced.
Benn Wilson (pictured), CEO of Mosaic Singapore, will relocate to Dubai, UAE, where he will oversee business across both the Middle East and Asia. The company’s Singapore service company will remain to administer existing policies but will no longer accept new transactional liability submissions directly, effective immediately.
Mosaic opened its Singapore office in March 2023 to write transactional liability business in the Asia-Pacific region. The company said the decision to close local operations reflected structural considerations specific to the region and its ability to operate sustainable capital strategies.
New business will instead be facilitated through Mosaic’s offices in the US, UK, UAE, Europe, Canada, and Bermuda, subject to relevant regulatory requirements.
Tim Glover, Mosaic’s chief underwriting officer, said the move is part of a broader optimisation of the company’s global underwriting network.
“Bringing Benn’s expertise to our Dubai platform… ensures our structure can support strong, long-term growth,” Glover said. “The move enables the firm to better align our structure with regulatory and capital considerations and refocus resources where we see the greatest opportunity for our clients, brokers, and partners across both regions.”
William Monat, global head of transactional liability for Mosaic, said the restructuring does not reflect a retreat from the region or its product lines.
“The reorganisation does not diminish our confidence in the great opportunities across the region or in the transactional liability product line – indeed, we remain fully committed to the global M&A liability marketplace and we expect growth, particularly around tax-liability business,” Monat said. “We also want our broker partners and clients to know how much we value the relationships and business we have built together in the region.”
Glover added that the company would honour its commitments to existing policyholders.
Mosaic said it is engaging with Lloyd’s Asia to ensure an orderly closure of Singapore operations with no interruptions to client service. The company marked five years in business last month and underwrites across eight lines, including financial institutions, professional liability, cyber, political risk, political violence, casualty, transactional liability, and environmental liability.
The Singapore-Dubai consolidation follows a string of leadership appointments and product expansions at Mosaic in late 2025. In December, the company hired Chicago-based Sachin Warty as global head of financial institutions and professional liability, signalling a push to grow those lines across North America. Wheeler said at the time the company was approaching “an important inflection point” as it neared its five-year mark.
That same month, Mosaic more than doubled its cyber-risk capacity in Canada to US$25 million (C$40 million) per risk, effective Jan. 1, 2026, and disclosed plans to raise the same limit to $25 million in Bermuda and Dubai – the hub now set to absorb the Singapore portfolio.
