- CEO
- Lawrence Hannon
- Full Time Employees
- 351
- Sector
- Financial Services
- Industry
- Insurance - Specialty
- Address
- 412 Mount Kemble Ave Ste 300C Morristown NJ United States of America 07960
- IPO Date
- Jul 25, 2019
- Business
- ProSight Global, Inc. (PROS) operates as a privately held specialty property and casualty insurance company that provides tailored insurance solutions across niche markets in the United States. Founded in 2009 and headquartered in Morristown, New Jersey, the company underwrites coverage in lines including commercial auto, general liability, workers' compensation, commercial multiple peril, property, excess casualty, professional liability, entertainment, executive liability, marine, energy, transportation, construction, real estate, media and entertainment, consumer services, sports, and binding authority programs; it serves customers in industries such as general contracting, luxury home builders, specialty trades, film production, live events, propane and fuel dealers, oil and gas contractors, and solar energy operators through admitted and non-admitted policies supported by advanced analytics, claims handling, and distribution partnerships. ProSight maintains operations across all 50 states with additional offices in Glendale, California, and New York, New York, as a subsidiary within its corporate structure following its transition from public markets. In 2021, TowerBrook Capital Partners and Further Global acquired the company, taking it private to enhance underwriting, talent, and technology investments; it rebranded to Coaction Global, Inc. and Coaction Specialty Insurance Group in April 2022 to reflect its evolution from a niche program administrator to a full-service specialty underwriter with expanded capabilities in casualty, multiline, and ESG-focused initiatives, including B Corp certification in 2023. Most recently, in September 2023, Coaction secured approximately $200 million in growth capital led by existing investors TowerBrook and Further Global to fuel underwriting expansion, new divisions, broader distribution, and data enhancements, achieving over $1 billion in annual premium while appointing John Berger as Chairman in 2024.