NU Online News Service, Dec. 01, 2:06 p.m. EST

ProSight Specialty Insurance has completed its purchase of Lloyd's coverholder TSM Agencies Ltd. and has hired the former chief executive of Argo International to lead the new enterprise.

According to a statement from ProSight, the new entity will be named ProSight Specialty Underwriters Ltd. and it will be led by former Argo International chief executive Julian Enoizi, who was also president.

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