AM Best downgrades ProSight to A-

ProSight Specialty's financial strength rating has been
downgraded one notch to A- from A by AM Best, citing "a
material downturn in operating results" over the past two
years.The rating cut also reflects "elevated reserve leverage
measures" and "limited organic surplus growth" over
the past five years and "operating results that are no longer
commensurate with the previous rating level" AM Best said on
Friday.Adverse loss reserve development in commercial auto liability in
2015 and 2016 was cit