A New Jersey insurance agency has failed to convince two courts that a landscape gardening insurance policy for a long-time client was ambiguous enough to also cover tree removal. The agency also struck out with its argument that tree removal …
New Jersey-based ProSight Global, Inc., a privately-owned specialty property/casualty insurance company, has announced that it is rebranding as Coaction Global, Inc. The new name is effective April 19, 2022. The rebranding comes following a go-private transaction completed in August of …
Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty insurance holding company. As announced in January, the two firms agreed …
International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100 percent of the common stock shares of specialty insurer ProSight Global for $586 million cash. The deal, announced last Friday, means the …
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 …
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 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 …
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. …
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 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 …
