Mosaic Insurance Expanded FinPro Team in New York
The insurer added two senior vice presidents to handle growing demand for professional and financial liability coverage.
Updated on Sept. 21, 2026 in Financial Services
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Mosaic Insurance has hired Risa Kleiner and Daniel Frusciano as senior vice presidents in New York to bolster its North American financial and professional liability (FinPro) operations. This expansion supports the launch of new primary insurance policies targeting financial institutions and asset managers.
Why it matters
The firm is scaling its US presence to address increasing client demand amidst complex regulatory, litigation, and operational environments. By centralizing leadership in New York, the company aims to better support specialized coverage needs for financial services operators.
The firm now employs 24 specialists across its global FinPro team, with the latest appointments in New York following a multi-year hiring trend. The expansion includes the deployment of new primary policies for asset managers and miscellaneous professional liability.
The players
Mosaic Insurance
A specialty insurer that provides insurance solutions across complex professional liability and financial institution lines.
Risa Kleiner
The new Senior Vice President of Financial Institutions at Mosaic Insurance based in New York.
Daniel Frusciano
The new Senior Vice President of Professional Liability at Mosaic Insurance based in New York.
The details
Mosaic Insurance created a US-based team in New York to house its expanded FinPro operations. The company also introduced a primary asset manager policy that integrates directors and officers, professional liability, and fund liability coverage into a single instrument. These moves are designed to streamline compliance and coverage procurement for clients facing multifaceted industry risks.
Timeline
Sachin Warty and Ann Nozica were appointed to the team in 2025.
John Soular, Michael Rossiter, and Katy Heatherton joined the firm in spring 2026.
Risa Kleiner and Daniel Frusciano were appointed to the New York team in September 2026.
Market Landscape
This move follows a documented industry trend of insurers increasing specialized headcount to manage rising litigation and regulatory complexity. It tracks with the broader move by specialty underwriters to consolidate multi-line risk coverage into integrated primary policy forms.
Financial operators should review their current directors and officers and fund liability coverage to determine if integrated primary policies offer a more efficient alternative to multi-policy structures. Consult with your broker to evaluate if the current regulatory environment requires a shift in your professional liability limits.
The takeaway
Specialty insurers are increasingly consolidating complex financial risk coverage into integrated single-policy forms to simplify client administration. Operators should audit their current liability renewals to ensure they are capturing the cost efficiencies of these new combined coverage products.
Further reading
For more on evolving sector trends, visit the Financial Services section.
Source note: This article includes information reported by ReinsuranceNe.
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