TowerBrook Capital Partners L.P. ("TowerBrook") and Further Global Capital Management ("Further Global") announced the signing of a definitive merger agreement, under which affiliates of TowerBrook and Further Global will acquire all outstanding shares of common stock of ProSight Global, Inc. ("ProSight" or "the Company") in an all-cash transaction valued at approximately $586,000,000. Upon closing, Jonathan Ritz will become CEO, while ProSight's current President and CEO, Larry Hannon, will continue serving as President.