Macquarie Insurance Facility Expands Capabilities as Lloyd's Coverholder

Macquarie Insurance Facility has been approved as a Lloyd's coverholder and has entered into a new binding authority agreement with Mosaic Insurance, based in Bermuda. This development expands Macquarie's insurance capabilities, allowing it to underwrite business on behalf of Mosaic Insurance and provide clients with access to the expertise and security of the Lloyd's market.

As a Lloyd's coverholder, Macquarie can now access the Lloyd's marketplace of insurers and underwrite contracts of insurance on behalf of partners. The binding authority agreement with Mosaic grants Macquarie the ability to write Transactional Liability Insurance using capacity provided by Mosaic Syndicates 1609 and 5399.

This move aligns with Macquarie's strategy to write a greater volume of premium through its managing general agent by broadening the capacity available to it. The partnership with Mosaic supports Macquarie's long-term commitment to successfully deploying transactional insurance solutions and Mosaic's mission to be a leading global market in the M&A sector.

Why this matters: Macquarie Insurance Facility's expanded capabilities as a Lloyd's coverholder and its agreement with Mosaic Insurance strengthen its position in the insurance market. This development enables Macquarie to offer a wider range of insurance products and solutions to its clients, leveraging the expertise and security of the Lloyd's marketplace.

The approval of Macquarie Insurance Facility as a Lloyd's coverholder and its binding authority agreement with Mosaic Insurance mark significant milestones in Macquarie's insurance operations. By accessing the Lloyd's market and partnering with Mosaic, Macquarie enhances its ability to provide comprehensive transactional liability insurance solutions to clients involved in mergers and acquisitions.

Key Takeaways

• Macquarie approved as Lloyd's coverholder, partners with Mosaic Insurance
• Expands Macquarie's insurance capabilities, allows underwriting on behalf of Mosaic
• Macquarie can now access Lloyd's market, underwrite Transactional Liability Insurance
• Partnership supports Macquarie's strategy to write more premium through its MGA
• Strengthens Macquarie's position in insurance market, offers wider range of solutions