New Jersey-based ProSight Global, Inc., a privately-owned specialty property/casualty insurance company, has announced that it is rebranding as Coaction Global, Inc. The new name is effective April 19, 2022.
The rebranding comes following a go-private transaction completed in August of 2021 with investment management firm TowerBrook Capital Partners and private-equity firm Further Global Capital Management.
ProSight will continue to be based in Morristown, New Jersey with offices in Glendale, California, and New York City.
The company said there are no planned changes in ownership or company leadership going forward.
Jonathan Ritz, CEO of ProSight, said the rebranding reflects the firm’s “growth from a ‘niche’ program administrator to a full specialty underwriter across our product verticals in open brokerage and delegated underwriting authority platforms.”
ProSight was founded in 2009.
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