Macquarie Insurance Facility is to expand its insurance capabilities following its approval as a Lloyd’s coverholder, and a new binding authority agreement with Mosaic Insurance.

The new agreement gives Macquarie follow form binding authority on behalf of Mosaic Syndicates 1609 and 5399, enabling it to write transactional liability insurance using capacity provided by Mosaic.

Nick Wilski, global head of Macquarie Insurance Facility, said: “Over more than a decade, we have drawn on our deep relationships with financial sponsors, insurers, and brokers to unlock solutions in the insurance market. The opportunity provided by our Lloyd’s coverholder status and partnership with Mosaic will help us go further, accelerating our efforts to become a leading provider of insurance solutions to deal teams and portfolio companies.”

Samuel Whiteman, head of international, transaction liability, at Mosaic, added: “We’re delighted to partner with Macquarie to support its successful application as a Lloyd’s coverholder and provide capacity in a critical line of business for both firms. Macquarie’s long-term commitment to successfully deploying transactional insurance aligns well with Mosaic’s mission to be a lead global market providing meaningful solutions in the sector. This partnership highlights our continued growth and investment in the M&A sphere.”

Since launching in 2021, Mosaic has deployed some US$12.5bn in capacity in the transactional liability sector.

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