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ProSight Global, Inc. (NYSE: PROS) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of ProSight Global, Inc. (NYSE: PROS) in connection with the proposed acquisition of the Company by TowerBrook Capital Partners L.P. ("TowerBrook"), and Further Global Capital Management ("Further Global").  Under the terms of the merger agreement, affiliates of TowerBrook and Further Global will acquire all outstanding shares of common stock of PROS for $12.85 per share in cash.  If you own PROS shares and wish to discuss this investig...

ProSight to Become Private Company After Being Acquired by Investors International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100 percent of the common stock shares of specialty insurer ProSight Global for $586 million cash. The deal, announced last Friday, means the specialty insurer will move forward as a private company. ProSight went public in July 2019. The acquisition is expected to close in third-quarter 2021, subject to customary closing conditions, including the receipt of required regulatory approvals. Anot...

15-06-2020 ProSight Global is to be acquired by private equity firms TowerBrook Capital Partners and Further Global Capital Management in an all-cash transaction valued at $586 million. Meanwhile, the US specialty insurer has entered into a reinsurance deal with Bermuda-based Enstar Group. The rest of this article is locked. Please login to continue reading.   If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.    To take out a free  two week trial, use the same link b...

TowerBrook Capital and Further Global Capital Take ProSight Global Private Posted on 01/16/2021 ProSight Global, Inc. was formed in 2009 and headquartered in Morristown, New Jersey. ProSight is a property and casualty insurance company writing a diverse mix of admitted and non-admitted specialty lines of business in all 50 states. TowerBrook Capital Partners L.P. and Further Global Capital Management signed an agreement on January 15, 2021 to acquire all outstanding shares of common stock of ProSight Global, Inc., a domestic specialty insurance company, in an all-cash transaction valued at ap...

Press release content from Business Wire. The AP news staff was not involved in its creation. AM Best Comments on Credit Ratings of ProSight Specialty Group Members Following Acquisition Announcement January 15, 2021 GMT OLDWICK, N.J.--(BUSINESS WIRE)--Jan 15, 2021-- AM Best has commented that the Credit Ratings (ratings) of New York Marine and General Insurance Company (New York, NY) and its wholly owned subsidiaries, Gotham Insurance Company (New York, NY) and Southwest Marine and General Insurance Company (Scottsdale, AZ) (collectively referred to as ProSight Specialty Group) remain un...