ProSight News

The Nonprofit Risk Management Center is pleased to announce that Tangram Insurance Services and ProSight Specialty Insurance have signed on as a brand new Corporate Sustainer of the Center. As a Corporate Sustainer, Tangram & ProSight demonstrate their commitment to the Center’s mission of helping nonprofit leaders become more risk aware and continue to improve the quality of their organizations.

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The Lloyd's platform of private equity backed Prosight Specialty Insurance is set to add new classes of business and a portion of the US book will transfer to London as it plots expansion in 2012, The Insurance Insider has learned.

The capacity of the group's Syndicate 1110 has risen from £53mn in 2011 to £80mn for 2012, as Prosight plans to build out the fledgling syndicate and broaden its core engineering focus.

ProSight Specialty Insurance has entered the Lloyd's market with the completion of its acquisition of TSM Agencies Ltd., which manages Syndicate 1110. 

Private equity-backed US insurer ProSight has appointed the former Argo International CEO Julian Enoizi to head its nascent Lloyd's operation.

ProSight - which is backed by Goldman Sachs' private equity arm GS Capital Partners and TPG Capital - also announced today that it has completed the acquisition of Lloyd's insurer TSM Agencies and 100 percent of the capacity rights to its minnow Syndicate 1110.