MORRISTOWN, N.J., May 7, 2020 /PRNewswire/ -- ProSight Global,
Inc. (NYSE: PROS) has announced the addition of three new members
to its senior management team: Chief Claims Officer Donna Biondich, Chief Investment Officer
Nico Santini, and Chief of Staff and
Head of Capital Markets Jeff Arricale.
"We're serious about bringing in great people to help lead this
company in its next leg of growth. Donna, Nico, and Jeff are
results-oriented leaders that fit our unique culture, set a high
bar for themselves, and bring a wealth of experience, knowledge,
and relationships that complement our existing capabilities," said
ProSight CEO Larry Hannon.
Chief Claims Officer Donna
Biondich joined ProSight in November
2019, reporting to Chief Legal Officer Frank Papalia. Donna brings over 30 years of
claims experience to ProSight, having held leadership roles at
Maxum Specialty Insurance Group, Colony Specialty, and North
American Risk Services. Donna holds AIC and CPCU licenses and is a
graduate of Shippensburg University.
"Donna is a highly experienced claims executive who makes those
around her better. She brings a customer-centric and data-driven
approach to claims handling and her ability to develop our next
generation of claims professionals will make us even stronger,"
said Papalia.
Chief Investment Officer Nico
Santini joined ProSight March
2020 and reports to CFO Anthony "Buddy" Piszel. Nico spent
over 20 years at New England Asset Management Company, a subsidiary
of General Re, a Berkshire Hathaway company, serving in a variety
of quantitative, trading, and portfolio management capacities. Nico
is a CFA, CLU, and ChFC Charter holder and a member of the Hartford
Society of Financial Analysts. He holds a Bachelor of Science
degree in Finance from Bryant
University and an MBA from the University of Connecticut. "As a client of NEAM, we
got to know Nico and he did a great job for ProSight. I have
enormous respect for his intellect, investment acumen, risk
awareness, and fiduciary mindset. We are thrilled to have Nico join
the team at ProSight and serve as our Chief Investment Officer,"
said Piszel.
Chief of Staff and Head of Capital Markets Jeff Arricale joined
ProSight in April 2020, reporting to
CEO Larry Hannon. Jeff spent 18
years at T. Rowe Price and Lord
Abbett where he invested in financial services companies, developed
talent, led research, and advised portfolio companies and boards.
Jeff holds the Certified Public Accountant designation in
California, earned a BA in
accounting, magna cum laude, from the University of San Diego and an MBA from the Wharton
School at the University of
Pennsylvania. "We met Jeff as a private company and
were struck by his knowledge of our company, the insurance
industry, and his interest in our success as a public company. Jeff
will work closely with me, Buddy and the entire leadership team in
a variety of cross-functional capacities and will also oversee our
ESG and investor relations initiatives," said Hannon.
For more information about ProSight's May
12th 1Q Investor call click here.
About ProSight
Founded in 2009 and headquartered in Morristown, New Jersey, ProSight Global, Inc.
is an innovative property and casualty insurance company that
designs unique insurance solutions to help customers improve their
business and realize value from their insurance purchasing
decision. The company focuses on select niche industries, deploying
differentiated underwriting and claims expertise with the goal of
enhancing each customer's operating performance. ProSight's
products are sold through a limited and select group of retail and
wholesale distribution partners. Each of ProSight's regulated
insurance company subsidiaries are rated "A-" (Excellent) by A.M.
Best. ProSight's shares trade on the New York Stock Exchange
("NYSE") under the ticker symbol PROS. To learn more about
ProSight visit www.prosightspecialty.com.
Forward-Looking Statements
This release contains forward-looking statements.
Forward-looking statements include statements relating to future
developments in ProSight business or expectations for ProSight's
future financial performance and any statement not involving a
historical fact. Forward-looking statements use words such as
"anticipate," "believe," "estimate," "expect," "intend," "plan,"
"should," "seek," "continue," and other words and terms of similar
meaning. ProSight's management believes that these
forward-looking statements are reasonable as of the time
made. However, caution should be taken not to place undue
reliance on any such forward-looking statements because such
statements speak only as of the date when made. Except as
required by law, ProSight undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events, or otherwise. Forward-looking
statements are subject to known and unknown risks and
uncertainties, many of which may be beyond our control, including,
without limitation, the impact of COVID-19 and its effects on our
business operations. ProSight cautions you that
forward-looking statements are not guarantees of future performance
or outcomes and that actual performance and outcomes may differ
materially from those made in or suggested by the forward-looking
statements contained in this release. For a discussion of
some of the risks and important factors that could affect
ProSight's future results and financial condition, see our filings
with the U.S. Securities and Exchange Commission ("SEC"),
including, but not limited to, the risks and uncertainties included
under the captions "Risk Factors" in ProSight's Annual Report on
Form 10-K for the period ended December 31,
2019 filed on February 24,
2020. For a discussion of some of the risks and
important factors that could affect ProSight's future results and
financial condition, see our filings with the U.S. Securities and
Exchange Commission ("SEC"), including, but not limited to, the
risks and uncertainties included under the captions "Risk Factors"
in ProSight's Annual Report on Form 10-K/A for the period ended
December 31, 2019 filed on
March 10, 2020.
References to "we," "us," "our," the "Company" and "ProSight",
refer to ProSight Global, Inc. and its consolidated
subsidiaries.
Media
Relations:
|
Investor
Relations:
|
Joe
Hathaway
|
Dean
Evans
|
JHathaway@prosightspecialty.com
|
DEvans@prosightspecialty.com
|
973.532.1706
|
973.532.1440
|
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SOURCE ProSight Global, Inc.