Mosaic announces new CFO

Senior financial services executive Reeva Bakhshi has joined the leadership team of Mosaic Insurance, as part of a strategic development of the specialty insurer’s corporate division.

Bakhshi takes on the role of chief financial officer (CFO), as Aizaz (Oz) Haque assumes the new position of Capital Solutions Officer, both based in New York.

“We are excited to have Reeva join us as we embark on our next phase of growth,” said co-chief executive Mitch Blaser. “She brings a distinguished track record in the insurance industry to oversee all our financial activities. Oz’s new role sees him address ways we can build alternative capital strategies to support our development and leverage the platform we’ve built. Having Reeva and Oz focused on these respective areas will help Mosaic deliver on plans and create innovative capital solutions for our business.”

Bakhshi brings more than 25 years’ experience in financial services, including international re/insurance markets. She will lead Mosaic’s finance organisation, directing financial strategy.

“I am thrilled to be joining Mosaic at such an important time in the company’s growth,” said Bakhshi. “I am excited to be working with such an entrepreneurial and experienced team, and I’m enthused by the opportunity to drive Mosaic’s development to deliver value to our stakeholders.”

With 20 years of investment banking experience, Haque will oversee alternative capital strategies to optimize capital provision for the company.

“Mosaic has grown rapidly and entered a new phase where capital planning and risk finance become more significant,” noted Haque, a founding member of the company. “We welcome Reeva, and I look forward to focusing on taking our business to the next level.”

Bakhshi previously served as senior vice president, treasurer and deputy CFO at Alleghany Corporation, and board member of TransRe, RSUI and CapSpecialty. Prior to Alleghany, she was CFO at Aspen Insurance and CFO at Hiscox at a number of operations, including Hiscox Re and ILS, Europe, and Special Risks. Qualified as a chartered accountant, she began her career at PricewaterhouseCoopers.