Hot Off Our Press

ProSight Specialty® Insurance Wins Gold and Silver in Best in Biz Awards 2016

December 02, 2016
Hot Off Our Press | 4 minute read

Morristown, NJ (Dec. 2, 2016)—ProSight Specialty® Insurance has been named a gold winner in Most Innovative Company of the Year and a silver award winner in Executive Leadership Team of the Year in Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts.

In an industry dominated by companies that are tradition-bound, building an entirely new insurance entity is a rarity. In less than a decade, ProSight Specialty Insurance has exceeded expectations, turning an entrepreneurial-driven, New Jersey-based company into a global corporation approaching $1 billion in revenue. ProSight is a one-of-a-kind insurance company that focuses on delivering innovative business solutions to positively impact its customers’ productivity and profitability.

ProSight is focused on hiring superior people and empowers them to innovate and solve problems for customers. With a strong executive team at the helm, fortified with knowledgeable industry veterans, ProSight has excelled at problem solving and creative thinking. Receiving a gold award as Most Innovative Company of the Year reinforces these proven results.

The sixth annual program in North America garnered more than 600 entries, from an impressive array of public and private companies of all sizes and from a variety of industries and geographic regions in the U.S. and Canada. Best in Biz Awards 2016 honors were presented in 60 categories, including Company of the Year, Fastest-Growing Company of the Year, Most Innovative Company of the Year, Best Place to Work, Technology Department of the Year, Executive of the Year, Most Innovative Product of the Year, Best New Product of the Year, App of the Year, PR Campaign of the Year and Website of the Year.

“This acknowledgment is evidence of the passion and commitment our employees exhibit. We continue to focus on delivering high-level results and unrivaled value for our customers by exceeding expectations in everything we do,” said Joe Beneducci, chairman, president and CEO of ProSight Specialty Insurance.

Winners of Best in Biz Awards 2016 were determined based on scoring from an independent panel of 50 judges from widely known newspapers; business, consumer and technology publications; TV outlets; and analyst firms. In addition to numerous judges returning from the 2011-2015 judging panels, this year’s panel included several worthy additions to the high-profile group. The panel included Accounting Today, AdWeek, Associated Press, Atlanta Tribune, Business News Daily, CNET, Computerworld, Consumer Affairs, Entrepreneur, eWeek Channel Insider, Forbes, Healthcare Innovation News, Inc., Information Week, InfoWorld, Investment Advisor Magazine, MediaPost, Multifamily Executive, Network World, Portland Business Journal, Security Products Magazine, South Florida Business Journal, The Wall Street Journal, Wired, WLRN and ZDNet.

For a full list of gold, silver and bronze winners in the Best in Biz Awards 2016, visit:

About Best in Biz Awards

Now in its sixth year, Best in Biz Awards recognizes companies for their business success as judged by established members of the press and industry analysts. Best in Biz Awards honors are currently conferred in two separate programs: North America and International, and in more than 60 categories, including company, team, executive, product and PR and media. Entries for Best in Biz Awards 2017 International are currently being accepted until the final deadline on April 28, 2017. For more information, visit:

 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.