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PROS - Ritz Towerbrook collaborate to bid for ProSight
ProSight Global Inc.
As per Insurance Insider's Adam McNestrie, Jonathan Ritz, former CEO of Validus' U.S. insurance operations, is teaming up with Towerbrook to mount a bid for ProSight Global ([[PROS]]).Ritz and Towerbrook are in takeover talks with ProSight, 75% owned by its private equity founders Goldman Sachs and TPG.Bid details have not yet been disclosed.Source