MORRISTOWN, N.J. & LONDON--(BUSINESS WIRE)--ProSight Specialty Underwriters Ltd. (‘ProSight’), is pleased to announce the appointment of Bernard Mageean as Chief Operating Officer of Syndicate 1110 at Lloyd’s of London. He takes up his post with effect on December 2, 2013.
Mr. Mageean joins ProSight most recently from INK Underwriting Agencies Ltd., a subsidiary of Giles Insurance brokerage, where he served as Managing Director. Prior to that, Mr. Mageean served as Managing Director of the European Property Division of QBE London and previously as Commercial Underwriting Director at Royal Sun Alliance. Mr. Mageean gained significant insurance expertise at Royal Sun Alliance where he held a series of leadership roles ultimately having responsibility for underwriting and product strategy for commercial and specialty business.
“Bernard possesses an extensive background and proven skill set across a wide range of underwriting and distribution leadership roles throughout his career,” said Joe Beneducci, Chairman and CEO of ProSight Global, Inc. “We are pleased to welcome Bernard to our growing team and we look forward to his substantial impact and contributions to advance ProSight’s strategy to be the market of choice for specialty niche programs at Lloyd’s while continuing to expand our international presence.”
As Chief Operating Officer of ProSight Specialty Underwriters, Mr. Mageean will be responsible for the Sales, Marketing and Distribution Management functions for ProSight in the U.K., and will develop and manage the key infrastructure functions of Information Technology and Operations.
About ProSight Specialty Underwriters Ltd.
ProSight Specialty Underwriters Ltd. is the international arm of ProSight Specialty Insurance. Through Syndicate 1110 at Lloyd’s of London, ProSight Specialty Underwriters Ltd. focuses on underwriting Entertainment, Leisure & Hospitality, Technology, Marine Cargo, Professional Liability and Property risks globally.
About ProSight Specialty Insurance
ProSight Specialty Insurance was founded by Chairman and 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.