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ProSight makes Lloyd’s move with TSM deal

15 September 2011

Acquisitive private equity-backed US insurer ProSight Specialty has agreed to buy Lloyd's coverholder TSM Agencies Ltd along with 100 percent capacity rights to its engineering specialist Syndicate 1110.

As previously revealed by The Insurance Insider, ProSight's backers - Goldman Sachs' private equity arm GS Capital Partners and TPG Capital - have been looking for a London market platform to run together with the New York-based specialty carrier after buying it last year.

And TSM put itself up for sale this...


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