ProSight Specialty Insurance (ProSight) and eMaxx Assurance Group of Companies (eMaxx) have agreed to offer captive risk solutions to emergency roadside assistance providers that are affiliated with AAA roadside assistance (AAA). The offering will enable providers that join the captive to achieve their long-term insurance and risk management goals with ProSight and eMaxx. eMaxx will… Continue reading ProSight and eMaxx Partner for Captive Solution for AAA
Tag: ProSight
ProSight, RB Jones Strike Marine Underwriting Agreement
Marine insurance specialist RB Jones has signed an underwriting and claims servicing partnership with ProSight. As part of the agreement RB Jones will write marine liability, marine excess, brown-water hull and excess energy placements on behalf of the carrier. Following the arrangement, which takes effect on 15 September, ProSight marine executive Mark Engel will become… Continue reading ProSight, RB Jones Strike Marine Underwriting Agreement
ProSight Global Prices Downsized IPO at $14, Well Below the Range
ProSight Global, a specialty property & casualty insurer backed by Goldman Sachs and TPG, raised $110 million by offering 7.9 million shares (45% secondary) at $14, well below the range of $16 to $18. The company originally planned to offer 8.8 million shares (60% secondary). ProSight Global plans to list on the NYSE under the… Continue reading ProSight Global Prices Downsized IPO at $14, Well Below the Range
ProSight Global Readies Terms for IPO
ProSight Global has filed to raise $150 million in an IPO of its common stock, per an amended registration statement. The company provides a variety of specialty insurance coverage for industry verticals. PROS has produced enviable results, has stable loss ratios, an intriguing go-to-market approach and is generating significant earnings, so I’ll be acquiring a… Continue reading ProSight Global Readies Terms for IPO