September 11, 2015

ProSight Specialty Managing Agency Ltd. Appoints Michael Furgueson as Managing Director

LONDON, UK – Bernard Mageean has decided to step down from his responsibilities as Managing Director at ProSight Specialty Insurance due to personal reasons.

ProSight is pleased to announce the appointment of Michael Furgueson as Managing Director of ProSight Managing Agency, managing agent of ProSight Syndicate 1110 at Lloyd’s of London, as well as ProSight Specialty Underwriters Ltd. Mr. Furgueson takes up his post subject to all necessary regulatory approvals.

“We appreciate Bernard’s contributions during his tenure at ProSight and wish him the best of luck with his future endeavors.”

ProSight is pleased to welcome Mike Furgueson as its new Managing Director with immediate effect. Mike’s credibility as a leader with extensive international experience, multinational underwriting expertise and deep knowledge of the specialty insurance market makes him ideally suited to lead ProSight’s unique business model at Lloyd’s as we strengthen our presence at Lloyd’s,” said Joe Beneducci, Chairman and CEO of ProSight Global, Inc. “We are pleased to welcome Mike to our growing international leadership team and we look forward to his successful leadership of ProSight’s niche strategy internationally.”

About ProSight Specialty Managing Agency
ProSight Specialty Managing Agency and ProSight Specialty Underwriters Ltd. constitute the international arm of ProSight Specialty Insurance. Through Syndicate 1110 at Lloyd’s of London, ProSight Specialty Managing Agency focuses on underwriting select niches such as Entertainment, Leisure & Hospitality, Technology, Marine Cargo, Professional Liability and Property risks globally. More information about ProSight Specialty Insurance international operations can be found on its website athttp://www.prosightspecialty.co.uk.

About ProSight Specialty Insurance
ProSight Specialty Insurance was founded by CEO Joseph Beneducci in 2009 and is backed by affiliates of TPG Capital and GS Capital Partners. ProSight Specialty Insurance 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. More information about ProSight Specialty Insurance can be found on its website at https://www.prosightspecialty.com