ProSight puts Lloyd's operation into run-off

ProSight has placed its Lloyd's operation into orderly run-off
after attempts to secure a live acquirer for the platform proved
fruitless, The Insurance Insider can
reveal.
Multiple sources told this publication that the roughly 50 staff
at ProSight Specialty Underwriters were informed yesterday of the
intention to discontinue writing new business.
Sources said that financial adviser GC Securities will now
examine the scope for a sale to the Lloyd's
reinsurance-to-close (RITC) community.
A Lloyd