This edition of International People Moves details appointments at Mosaic and Everest Reinsurance.
A summary of these new hires follows here.
Mosaic Expands Team of Underwriting Specialists in Canada
Mosaic Insurance has built out its team of underwriting specialists to provide global capacity in five lines of business to brokers and clients across Canada.
The global firm opened an office in Toronto, Ontario last July, and since then, has expanded coast to coast in the Canadian specialty insurance market across five highly-relevant product lines—cyber, transactional liability, financial institutions, professional liability, and environmental liability.
“We’re tremendously proud of building our team of strong underwriting talent in five core product lines across all major Canadian geographies,” said Head of Canada Ian Fraser. “It’s a lot to have accomplished in a relatively short period of time. Our focus remains on creating innovative solutions for clients.”
Fraser, who has more than 20 years’ experience in the specialty sphere and underwrites cyber, financial institutions, and professional liability, is joined in the Toronto hub by a team of four specialists:
- Reynaldo Batac. Appointed vice president, underwriter, Professional Liability, Cyber & Financial Institutions, Batac has more than 16 years of experience in several sectors of the insurance industry, including claims adjusting, risk engineering, insurance placement, and underwriting. He has spent most of his career focused on underwriting management liability exposures. Previously, he developed and led the financial, professional, technology and cyber divisions at Sovereign Insurance in Toronto.
- Kyle Gray. Gray has been appointed vice president, underwriter, Cyber. He has 14 years of underwriting experience in specialty insurance and previously led a start-up Canadian cyber MGA. Prior to that, he developed and led profitable cyber, errors & omissions, and directors & officers portfolios at CNA Canada and Trisura.
- Ricardo Philip. Philip, who has been named vice president, underwriter, Environmental Liability, has more than 25 years of environmental insurance experience in loss control, underwriting, and portfolio management at AIG, ACE INA Insurance (now Chubb), and Markel Canada. He started his environmental-risk consulting company in 2018 and most recently worked for an Ontario environmental contractor, carrying out estimation, tender negotiation, and project management. His background is in environmental risk assessment (ecotoxicology) and biochemistry.
- Charlie Zilvytis. Zilvytis is vice president, underwriter, Transactional Liability. He focuses on complex Canadian and international M&A transaction risks. Previously, he worked as a corporate associate at Osler, Hoskin & Harcourt LLP, representing clients in a broad range of corporate matters, including M&A and private equity transactions. He holds a Juris Doctor from Osgoode Hall Law School at York University and a Master of Business Administration from the Rotman School of Management at the University of Toronto.
Mosaic’s hybrid global model combines capacity from its own Lloyd’s syndicate, 1609, with capital from a consortia of carrier partners seeking regional access and underwriting expertise in non-commoditized specialty lines. Mosaic retains decision-making control over rates, line sizes, and claims settlement.
“Our syndicated capital program is an integral part of the differentiating value we offer the Canadian market,” noted Fraser. “It allows us to distribute syndicated capacity directly, and that provides diversification to clients. It’s what they want and it’s unique in Canada.”
Mosaic launched primary cyber coverage in May this year, including activation of Mosaic x SAFEinside, a collaboration with Palo Alto digital risk-quantification firm SAFE Security. That was followed in June by the opening of Mosaic’s environmental liability unit in Canada, offering energy clients multi-line coverage across other specialties, including cyber and professional liability.
The company also accommodates financial institutions clients across product lines, including directors and officers (D&O), errors and omissions (E&O), crime and cyber coverage.
Everest Re Taps PartnerRe’s Schiattone as Global Head of Financial Risk
Everest Reinsurance, the reinsurance division of Everest Group Ltd., has appointed Marco Schiattone global head of Financial Risk. He is based in Zurich and reports to Artur Klinger, head of International Reinsurance.
Earlier in his career, he held credit, surety and political risks underwriting roles of increasing responsibility at Arch Re, Ariel Re, Swiss Re, SACE and Generali. Schiattone holds a master’s degree in international economics and diplomacy from the University of Trieste and a doctorate in International Finance from the École des Ponts-ParisTech.
He is an active contributor to the Pan American Surety Association as well as the International Credit Insurance and Surety Association and is a member of the International Institute for Strategic Studies. Schiattone serves as an adjunct professor of country risk management at MIB Trieste, School of Management.
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