MORRISTOWN, N.J., May 7, 2020 /PRNewswire/ -- ProSight Global, Inc.
(NYSE: PROS) announced today that Anne
Waleski has been nominated to be elected as the company's
newest member of the Board of Directors, increasing the company's
number of independent directors to 10.
Ms. Waleski retired from Markel Corporation in 2019 after more
than 25 years serving in a variety of financial roles. She served
as CFO from 2010-2018. During her career, Markel successfully
transformed from a national insurer to a Fortune 500 Company known
for underwriting excellence and thoughtful capital allocation.
"I am excited to welcome Anne to our board. Her track record of
excellence and deep industry knowledge built up over her 20-plus
year career at Markel through multiple economic and underwriting
cycles will be a great resource to our company," said Larry Hannon, CEO and President of
ProSight."
Ms. Waleski's appointment to the Board will be voted upon at the
company's annual meeting of stockholders on June 17th.
A Virginia native, Ms. Waleski
earned her undergraduate degree at the College
of William and Mary and her MBA at the University of Richmond. She currently serves on the
board for Tredegar Corporation and plays a leadership role in her
local community with organizations including the READ Center,
SportsBackers, and Virginia Institute for Marine Science.
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.
Additional
Information
ProSight Global, Inc. (the "Company"), its directors and
certain of its executive officers and employees may be deemed to be
participants in the solicitation of proxies from shareholders in
connection with the Company's 2020 Annual Meeting of Stockholders
(the "2020 Annual Meeting"). The Company plans to file a proxy
statement with the Securities and Exchange Commission (the "SEC")
in connection with the solicitation of proxies for the 2020 Annual
Meeting (the "2020 Proxy Statement"). Additional information
regarding the identity of these potential participants and their
direct or indirect interests, by security holdings or otherwise,
will be set forth in the 2020 Proxy Statement and other materials
to be filed with the SEC in connection with the 2020 Annual
Meeting. This information can also be found in the Company's Annual
Report on Form 10-K/A for the year ended December 31, 2019, filed with the SEC on
March 10, 2020 (the "Form 10-K"). To
the extent holdings of the Company's securities have changed since
the amounts printed in the Form 10-K, such changes have been or
will be reflected on Statements of Change in Ownership on Form 4
filed with the SEC. Stockholders are urged to
read the proxy statement and the accompanying solicitation
materials when they become available because these documents will
contain important information.
Stockholders will be able to obtain, free of charge,
copies of the 2020 Proxy Statement (when filed), Form 10-K and any
other documents filed or to be filed by the Company with the SEC in
connection with the 2020 Annual Meeting at the SEC's website
www.sec.gov or by visiting ProSight's Investor Relations
website at investors.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 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
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/prosight-nominates-anne-waleski-former-markel-cfo-to-board-of-directors-301054757.html
SOURCE ProSight Global, Inc.