SOURCE: ProSight Specialty Insurance
MORRISTOWN, NJ--(Marketwire - Jun 26, 2012) - ProSight Specialty Insurance announced that it continues its hiring of elite industry leadership with the appointment of Mark Popolano as its Chief Information Officer. Mr. Popolano is an experienced IT executive with a deep background in property and casualty insurance, having served as Global CIO for AIG from 2000 to 2007.
After a 12 year career in various senior IT leadership roles at AIG, Mr. Popolano was Global CTO at Reed Elsevier, a global information services firm, from 2007 to 2010. Most recently, he served as a partner in the CIO advisory practice at Kurt Salmon Consulting.
"There are enormous opportunities to utilize technology to provide exceptional value to partners and customers in the P&C industry," said Joe Beneducci, Chairman and CEO of ProSight Specialty Insurance. "In the past 10 years, customers' use of technology and their expectations of the companies they do business with have accelerated rapidly, and the P&C industry has not kept pace. The addition of Mark to the ProSight team will ensure that we take advantage of those opportunities as we continue to grow our company. We're delighted to have Mark as the newest addition to the ProSight leadership team."
"ProSight has a rare opportunity to challenge the status quo of technology in the P&C industry. Taking advantage of the latest operating models without the overhang of decades of legacy systems, ProSight can evolve into a technology leader," said Mark Popolano, CIO of ProSight. "Combining strong business leadership and an agile IT practice, ProSight will deliver innovative IT solutions to our customers and distribution partners -- driving top line growth while reducing expenses."
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 http://www.prosightspecialty.com.