Mosaic boosts transactional liability capacity

Mosaic Insurance Holdings Ltd. said Tuesday it has partnered with Lloyd’s insurer Apollo Syndicate Management Ltd. to increase its capacity for transactional liability risks in North America to $50 million from $41 million.

In the rest of the world, capacity will increase to $45 million from $36 million, Mosaic said.

“The growth in our line size delivers on our promise to brokers to be a key insurer for mid- to large-cap transactions,” Sam Whiteman, head of international transactional liability at Mosaic, said in a statement.