Prosight News

ProSight Prices IPO at $14 per Share

Specialty insurer ProSight Global announced the pricing of the initial public offering (IPO) of 7.8 million shares of common stock at a price to the public of $14.00 per share. The shares are expected to begin trading on the New …

Specialty Insurer ProSight Hopes to Raise $140 Million with IPO

ProSight Global Inc. announced its IPO terms, which include expectations of raising at least $140 million. The specialty insurer said the company’s initial public offering would involve more than 8.8 million shares of common stock. Broken down, ProSight is selling …

Randall & Quilter Agrees to Novate Management of ProSight’s Syndicate 1110

Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has reached agreement with ProSight Specialty Insurance to novate the management of Syndicate 1110 to R&Q Managing Agency Ltd. (RQMA). Day-to-day claims handling on non-U.S. business will be outsourced to R&Q …

ProSight Appoints Green & Kennet as Senior Leaders for Its Lloyd’s Operation

Morristown, N.J.-based ProSight Specialty Insurance has made two key appointments to the management team of its Lloyd’s operation, ProSight Specialty Managing Agency. Philip Green becomes finance director while Jonathan Kennet has been appointed to the role of deputy active underwriter. …

Zika Exclusion Now Commonplace in Cancellation Cover for Latin America Events

Organizers of rock concerts and conferences in Latin America or fringe events at the Rio Olympics beware: if you still need insurance to cover cancellation due to the Zika virus, it’s probably too late. The International Olympic Committee (IOC) should …

ProSight Specialty Managing Agency Appoints Furgueson as Managing Director

ProSight Specialty Insurance has appointed Michael Furgueson as managing director of ProSight Managing Agency, succeeding Bernard Mageean, who has decided to step down due to personal reasons. Furgueson takes up the post immediately, subject to all necessary regulatory approvals. ProSight …

Allied Insurance Brokers, ProSight Launch Program for Crane Industry

Allied Insurance Brokers has partnered with ProSight Specialty Insurance to offer an all-lines insurance program specifically tailored for the crane industry. The program includes risk management tools, loss control options, and specialty claims management services. This coverage is available nationwide …