Pro Global Insurance Solutions Plc
| London Stock Exchange: PROG
Pro Global Insurance Solutions Plc is a specialized investor in the insurance sector. It invests in acquiring run-off portfolios and in servicing insurance businesses. The company is interested in acquiring run-off portfolios of insurance and reinsurance companies, businesses providing services to the insurance industry and in developing its own products to serve the insurance market as a whole. It invests in acquiring run-off portfolios and investing in servicing business. The company also operates as an incubator for new projects and has invested alongside professional teams to create two new businesses, Q360 and Lodestar Marine, in addition to developing its own products to serve the insurance market as a whole such as STRIPE which is a web based platform enabling insurers and cedants to deal insurers directly, reducing re-processing of data. It operates in four segments: Underwriting Run-Off And Insurance, CX Re Underwriting Run-Off, Service Providers and Other Corporate Activities. The company was founded in 2001 and is headquartered in London, the United Kingdom.