SOURCE: ProSight Specialty Insurance

ProSight Specialty Insurance

January 21, 2013 07:00 ET

ProSight Specialty Underwriters Ltd. Appoints Mark Hewett as Chairman

LONDON--(Marketwire - Jan 21, 2013) - ProSight Specialty Underwriters Ltd. ('ProSight') is pleased to announce the appointment of Mark Hewett as Chairman. He takes up his post with immediate effect.

Mark has over three decades experience in the insurance industry. After leaving Oxford University he joined broker CT Bowring. After the acquisition of CT Bowring by Marsh & McLennan, Mark became Managing Director of Guy Carpenter (UK) Ltd, Marsh & McLennan's specialist reinsurance broking business, where he was instrumental in the growth of the company, developing and running business units across multiple regions and classes of business. He became Chairman of Guy Carpenter (UK) Ltd in 2007 and served on the boards of Marsh Ltd., Guy Carpenter (UK) Ltd, MMC Securities (Europe Ltd) and Guy Carpenter & Co. (Ireland).

After leaving Guy Carpenter in 2010, Mark joined investment bank Canaccord Genuity Hawkpoint as a senior advisor. He remains in this role with responsibility for providing strategic direction and insight into the Lloyd's market and other insurance related entities.

Julian Enoizi, Managing Director of ProSight Specialty Underwriters Ltd., commented, "Mark is a highly respected figure who has enjoyed a long and distinguished insurance career. I am delighted that he has agreed to take on the role of Chairman of ProSight Specialty Underwriters Ltd., where his experience and leadership will be invaluable assets to our senior team. I very much look forward to working with him."

About ProSight Specialty Underwriters Ltd.

ProSight Specialty Underwriters Ltd. is the international arm of ProSight Specialty Insurance. Operating as a coverholder for Syndicate 1110 at Lloyd's of London, ProSight Specialty Underwriters Ltd. focuses on underwriting Entertainment, Marine Cargo, Professional Liability and Energy & Power risks globally.

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.

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