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Mosaic Insurance has expanded its investment management insurance (IMI) with a new modular form that blends financial and cyber insurance. The product now offers up to $20 million per risk across the US, Canada, and Bermuda. “This coverage offers a customized approach for investment managers when purchasing their IMI and cyber insurance,” said Tom Dilley, Mosaic’s Global Head of Financial Institutions.
Expanded Protection for Investment Managers
The IMI product, launched last year, now provides broader options for investment managers, hedge funds, pension funds, and alternative managers. It combines financial institution (FI) coverage with cyber insurance, including first- and third-party protections and technology errors and omissions coverage.
Mosaic states that evolving exposures demand a unified approach. The new structure offers professional liability, directors and officers liability, crime, and cyber coverage under one policy. Clients can choose blended or standalone modules based on need.
“By bringing together FI and cyber under a unified form, we’re offering clients streamlined, sophisticated coverage that reflects how risks intersect in today’s world,” said David Drogin, Head of Americas, Cyber, at Mosaic.
Meeting Market Demands
Economic volatility and rising interest rates continue to pressure investment managers. Mosaic’s expanded IMI solution aims to provide stability with consistent and comprehensive coverage. The modular approach allows for customization and innovation, addressing specific client risks across regions.
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Regional Access and Capacity
Mosaic highlights that Bermuda, with its limited primary solutions, will benefit from this rollout. The company also ensures access for US and Canadian clients through its distribution reach.
“We directly address this gap, which helps foster deeper client relationships and deliver stronger outcomes,” added Ian Fraser, Head of Canada for Mosaic.
Mosaic’s unified product delivers a streamlined, sophisticated response to risks that often overlap. By combining FI and cyber under one structure, the insurer positions itself to meet growing industry needs with tailored solutions.
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