NU Online News Service, Sept. 14, 1:02 p.m. EST
ProSight Specialty Insurance is set to buy Lloyd's coverholder TSM Agencies Ltd., allowing the niche insurer to provide services to U.S. customers with global risk.
“Acquiring a Lloyd's presence is the first step in the expansion of our unique business model on the global stage,” says Joseph Beneducci, chief executive officer and founder of ProSight, in a statement. “This is a great opportunity for our company.”
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