ProSight accuses MGA over underwriting

ProSight is suing Rod Fox-backed V3 Insurance Partners after the US
managing general agent (MGA) allegedly bound "substandard
risks" on the insurer's behalf and "negligently"
ignored underwriting guidelines.
V3 allegedly wrote more than 175 towing risks on behalf of
ProSight's subsidiary New York Marine and General Insurance
Company before the agreement was terminated in April last year.
But now ProSight has accused its former underwriting partner of
exposing it to millions of dollars of claims