AUSTIN, TX – January 11, 2012 – ProspX, Inc., developer of the first on-demand sales collaboration and business intelligence solution for the commercial insurance industry, today announced that HCC Specialty, a leading international specialty insurance underwriter, will join the ProspX platform. The platform will help HCC Specialty streamline communication and elevate its key differentiators with top brokers in the ProspX network.
HCC Specialty will participate in ProspX InsiderConnect™, the first electronic marketing platform to automatically match critical news and information with specific new or renewal business opportunities in a broker's sales pipeline. The targeted insurance industry, line-of-business, and carrier specific information is delivered via a custom-generated e-newsletter.
"As an industry-leading specialty underwriter, we are focused on marketing our more than 30 classes of specialty insurance," said Mark Barry, senior vice president, sales and marketing at HCC Specialty. "We believe that the ProspX platform will enable us to deliver custom content relevant to the business opportunities a broker is actively working on, making it easier for us to target our message and gain broker mindshare."
"Our mission is to partner with leading commercial insurance brokers and carriers to streamline communication in a very complex and competitive industry," said Todd Young, president and CEO of ProspX. "We are excited to be able to help HCC Specialty identify and educate the brokers in our network on the unique risks covered by their specialized products."
ProspX streamlines communication between insurance agents, brokers, and carriers for the ultimate benefit of the client. The ProspX collaboration platform facilitates the real-time sharing and exchanging of critical information and intelligence as it relates to specific classes of risk, types of exposure, and clients. ProspX InsiderConnect™, is the first electronic marketing solution that delivers targeted insurance industry news and carrier updates to agents, account executives, CSRs and marketing executives who are actively working on related new and renewal business opportunities. For more information on ProspX solutions for the commercial insurance industry, please visit www.prospx.com
About HCC Specialty
HCC Specialty is a division of HCC Insurance Holdings, Inc. Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading international specialty insurance group with offices across the United States and in the United Kingdom, Spain and Ireland. As of September 30, 2011, HCC had assets of $9.6 billion and shareholders' equity of $3.3 billion. HCC's major domestic and international insurance companies have financial strength ratings of "AA (Very Strong)" from Standard & Poor's Corporation, "A+ (Superior)" from A.M. Best Company Inc., "AA (Very Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's Investors Service, Inc. For more information about HCC, please visit www.hcc.com
ProspX, Inc. develops the industry leading social business platform for managing the complex, multi-party sales process of the $500 billion commercial insurance industry. Built for the commercial insurance industry by insurance professionals, the ProspX platform gives brokers quick and easy access to the critical information and resources relevant to the new and renewal business they are working on, while allowing carriers the ability to elevate their message for increased visibility at the initial point of an opportunity. For more information, please visit us at www.prospx.com, follow us on Twitter at www.twitter.com/prospx and like us on Facebook at www.facebook.com/prospx.
ProspX is a trademark of ProspX, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.