June 30, 2015

EY Announces ProSight Specialty Insurance Founder Joseph Beneducci is an EY Entrepreneur Of The Year® 2015 Award Finalist in New Jersey

Secaucus, NJ – EY today announced that Joe Beneducci, Chairman, President and CEO, ProSight Specialty Insurance is a finalist for the EY Entrepreneur Of The Year® 2015 Award in New Jersey.  The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.  Joe was selected as a finalist by a panel of independent judges.  Award winners will be announced at a special gala event on June 25 in New Brunswick.

“It’s an honor to be among a group of distinguished entrepreneurs representing some of the finest businesses in New Jersey as recognized by EY’s Entrepreneur of the Year program,” said Joe Beneducci, Chairman, President and CEO, ProSight Specialty Insurance. “This acknowledgment from EY is a testament to the progress that ProSight has demonstrated in a few short years and is not only validation of our unique business model, but also evidence of the hard work and commitment of our employees who have worked tirelessly to make our unique business a successful reality.”

Since founding ProSight in 2009, Joe Beneducci has led the innovative specialty insurance company and its growing worldwide team of more than 350 employees on track to generate $1 billion globally in annual premiums by the end of 2015. ProSight’s business model is a complete remake of the traditional insurance entity and is a driver of the company’s significant growth.  ProSight is a true specialty company, which focuses on select customer niches, rather than being a generalist insurer. It provides customer-focused specialized insurance solutions for businesses through innovative product and service enhancements not typically offered by conventional P&C insurance carriers.

Now in its 29th year, the E&Y Entrepreneur of the Year program has expanded to recognize business leaders in more than 145 cities in more than 60 countries throughout the world.

Regional award winners are eligible for consideration for the EY Entrepreneur of the Year National program.  Award winners in several national categories, as well as the EY Entrepreneur Of The Year National Overall Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 14, 2015. The awards are the culminating event of the EY Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.

Sponsors

Founded and produced by EY, the Entrepreneur of the Year Awards are sponsored nationally by the Ewing Marion Kauffman Foundation and SAP America.  In New Jersey, sponsors also include Cresa, DLA Piper, Empire Valuation Consultants, Merrill Corporation, Morgan Lewis, Murray Devine, NJ BIZ, PNC, Scherzer International, SolomonEdwardsGroup,

About ProSight Specialty Insurance

ProSight Specialty Insurance was founded by CEO Joe Beneducci in 2009. The company focuses on niche markets where it has differentiated underwriting and claims expertise, and partners exclusively with specialist distributors who have a deep understanding of their customers. It underwrites on the paper of ProSight Specialty Insurance’s group of insurance companies, which hold financial strength ratings of “A” from AM Best and A+ from Standard & Poor’s. Based in Morristown, NJ, ProSight Specialty Insurance has regional offices in Los Angeles, New York and Santa Rosa and owns and manages Syndicate 1110 at Lloyd’s of London. More information about ProSight Specialty Insurance and its member insurers can be found at https://www.prosightspecialty.com

About EY Entrepreneur Of The Year®

EY Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries.

About EY’s Strategic Growth Markets practice

EY’s Strategic Growth Markets (SGM) practice guides leading high-growth companies. Our multidisciplinary teams of elite professionals provide perspective and advice to help our clients accelerate market leadership. SGM delivers assurance, tax, transactions and advisory services to thousands of companies spanning all industries. EY is the undisputed leader in taking companies public, advising key government agencies on the issues impacting high-growth companies and convening the experts who shape the business climate. For more information, please visit us atey.com/us/strategicgrowthmarkets, or follow news on Twitter @EY_Growth.

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

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