Hot Off Our Press

ProSight Specialty® Insurance Adds Mark Engel as Program Executive for Marine and Offshore Energy Niches

July 14, 2016
Hot Off Our Press | 3 minute read

MORRISTOWN, NJ – ProSight Specialty® Insurance, a property and casualty insurance company that brings innovation to the traditional world of insurance, today announced that Mark Engel has joined the company as the Marine and Offshore Energy Program Executive. Engel has extensive experience within the marine insurance niche, most recently having served as the chief underwriting officer at AIG for Marine Americas and Global Marine Hull and Liability Product Executive. Engel started his career in 2002 with Marsh and held various positions of increasing responsibility in the Americas, EMEA and the U.K. In his new role, he will leverage his deep understanding of the niche to drive profitable growth by providing unique customer solutions.

“Historically, the insurance industry has been thought of as stodgy or lacking innovation. We’ve done everything in our power at ProSight to reshape that notion to focus on the customer—from the programs and services we offer, to the people we employ that help make that vision a reality,” said Andreas Graham, ProSight Niche President for marine and energy. “Mark has the unique combination of having the breadth of experience in U.S. and international insurance markets coupled with deep understanding of marine and energy industries. Under his leadership ProSight will be in the best position to provide differentiated one-of-a-kind offerings to our clients in the space.”

Engel holds his Bachelor of Science degree in Economics and Politics from the University of Birmingham. He has earned an Associateship of the Chartered Insurance Institute (ACII), an Advance Diploma in Insurance that denotes a professional qualification and enhanced understanding of the insurance practice.

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About ProSight Specialty Insurance

ProSight Specialty Insurance was founded by industry veteran CEO Joe Beneducci, with the explicit purpose of introducing innovation to the commercial property and casualty insurance market. ProSight designs solutions that help solve customers’ problems, so each solution is targeted to enhance customers’ operating performance. ProSight focuses on select niche industries, deploying differentiated underwriting and claims expertise, and then works exclusively with specialized distributors to deliver value. ProSight is fueled by a cultural desire to succeed at uncommon challenges, making the business performance of its customers a top priority. The underwriting members of the ProSight Specialty Insurance (ProSight) group of companies are rated “A” (Excellent) by A.M. Best. ProSight also operates Syndicate 1110 at Lloyd’s of London, which is rated “A+” (Strong) by Standard & Poor’s. Based in Morristown, NJ, ProSight has regional offices in Los Angeles, CA, Santa Rosa, CA, New York, NY, and London, England. More information about ProSight and its member insurers can be found at Follow us on Facebook@ProSightCorp and ProSight Specialty Insurance.