Mosaic, a global specialty insurer, has appointed Toby Smith as the CEO of its Americas business, effective 23 July.
Smith joins the leadership team with a mandate to drive market engagement and profitable growth throughout the US, Canada and the wider Americas region.
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He has worked in the specialty insurance space for more than 20 years, latterly as Liberty Mutual’s chief underwriting officer for North America specialty lines.
His career, which began at AIG, includes contributions to the specialty insurance sector, particularly in launching and leading Ironshore’s environmental business.
His roles at Ironshore included president of environmental and president of E&S casualty.
At Mosaic, Smith’s responsibilities will include directing new product development and managing the company’s largest divisions – transactional liability, cyber and environmental liability.
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By GlobalDataMosaic co-CEO Mitch Blaser said: “Toby is a long-time colleague with an exceptional track record that has seen him build the largest environmental business in the market. He will be instrumental in continuing our growth trajectory and accelerating our strategic ambitions across specialty product lines globally and in the critical US region.
“As he joins our impressive team, we look forward to creating significant value for our stakeholders, partners and customers.”
Smith added: “I am thrilled to join Mosaic at this stage of its tremendous growth, and I look forward to working with its dynamic team – including Mitch, Mark and other former colleagues – to deliver expansion, innovation and success.
“Mosaic is a young company that in a short time span has won recognition and market respect for its differentiated model, leading underwriters and highly specialised business lines. The opportunity to join that journey and help shape its road map for the future is energising.”
This appointment comes at a time when Mosaic is expanding its footprint in the US market, as evidenced by the recent relocation of its New York City office to the One Grand Central Place.
In a strategic move last week, Mosaic announced a reorganisation aimed at enhancing the growth and operational efficiency of its agency business.
