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Owner of ProSight weigh up sale

  • Publish Date: Posted over 7 years ago

Goldman Sachs owns a controlling 50.1% share in the ProSight operations and is understood to be considering a sale of the business. Past offers are thought to have been made for the operation without anything materialising from the interest and Goldman Sachs is thought to be more serious about parting with the company this time around. There has been mixed opinion regarding ProSight as an operation with some demonstrating interest in speciality insurers assets with others expressing concern that ProSight has had a mixed past especially over the last 18 months where it has moved into the red. Bidding is thought to begin for the operation in 2017 when Goldman Sachs is thought to bring the operation to market.