June 04, 2014

ProSight Specialty Underwriters Ltd. Appoints Chief Financial Officer and Expands Underwriting Leadership and Staff

ProSight Specialty Underwriters Ltd. (‘ProSight’) is pleased to announce several additions to its senior finance and underwriting leadership as it continues to grow its presence at Lloyd’s of London.

David Dunning has been appointed Chief Financial Officer, reporting to Managing Director Bernard Mageean. Mr. Dunning comes to ProSight with over 30 years of experience in senior executive roles in the insurance industry, including Novae, Amlin and Canopius.

Marcus Bale and Paul Andrews have each been appointed as Deputy Active Underwriters.  These new roles have been created to accommodate the growing breadth and depth of ProSight’s business at Lloyd’s.

Mr. Bale is Deputy Active Underwriter for Schemes and Affinity, and will oversee Property, Casualty, Engineering and Leisure & Hospitality. Mr. Bale comes to ProSight from NIG.

Mr. Andrews is Deputy Active Underwriter for Specialist Lines, and will oversee Film & Contingency, Marine, Accident & Health, and PI. Mr. Andrews was previously COO at Castel Underwriting Agencies, part of the Barbican Group, and has substantial Lloyd’s experience.

In addition to these leadership roles, ProSight has substantially built out its underwriting team with the following recent hires:

  • John Young – Film & Entertainment Underwriter, joining from Hiscox
  • Tom Butterworth – Marine Underwriter, joining from Channel
  • David Rand – Casualty Underwriter, joining from HCC International
  • Roger Perry, Paul Beggy and Matt Bevan – forming a new Accident & Health team at ProSight, joining from Canopius.

“With the appointment of these senior leadership roles and the significant expansion of our underwriting team, ProSight is well positioned to grow our business at Lloyd’s” said Bernard Mageean, Managing Director, ProSight Specialty Underwriters. “I’m absolutely delighted with the calibre of people we are attracting to ProSight and we continually look to add to our existing talent.”

About ProSight Specialty Underwriters Ltd.

ProSight Specialty Underwriters Ltd. is the international arm of ProSight Specialty Insurance. ProSight owns the capacity of Lloyd’s underwriting syndicate 1110, which carries the strong financial security ratings of Lloyd’s – A+ (Standard and Poor’s), A+ (Fitch) and A (A.M. Best).

In 2014, Syndicate 1110 has an underwriting capacity of £180 million (2013 – £110 million), with capital provided by affiliates of TPG Capital and Goldman Sachs Capital Partners, two of the world’s leading private equity groups.