Former AIG Executive Stephen A. Gold Joins ProspX As Senior Advisor

Commercial Insurance Veteran to Bring Deep Industry Expertise to ProspX Team

AUSTIN, Texas – November 13, 2012 – ProspX, Inc., the social business platform for commercial insurance, announced today that Stephen A. Gold, former president of sales and marketing at AIG for the United States and Canada, has joined ProspX as a senior advisor.

Gold cites ProspX’s innovative approach to streamlining communications and collaboration between brokers and carriers as a primary driver in his decision to join the company. As senior advisor, he will draw on his immense insurance industry experience to provide ProspX with strategic advice and insight as the company continues to grow its carrier and broker customer base.

Gold has more than 27 years of commercial industry experience. As head of commercial sales and marketing for AIG, he directed growth strategies and business planning with major retail brokers across the United States and Canada. He was instrumental in pioneering sales automation technologies to enhance carrier and broker relationships, increasing the visibility of AIG’s specialty lines and globally expanding the company’s major accounts practice.

“At AIG, I experienced firsthand the positive impact that ProspX technology had on our sales, marketing and overall distribution strategy,” said Gold. “ProspX is one of the most exciting and disruptive technology companies in our industry, and I am honored to be joining the team as a trusted advisor.”

Prior to heading up commercial sales and marketing, Gold was the president and chief executive officer of Accident & Health, the accident and supplemental health market leader. Joining the company in 1996 in San Francisco with 15 years of experience in underwriting, marketing and risk management, he led successful efforts to broaden the product portfolio and strengthen customer service. Under his leadership, annual revenue in the region more than tripled. Before joining the company, Mr. Gold was the senior vice president of Industrial Indemnity, based in San Francisco.

“We are honored to announce the addition of Steve as a ProspX senior advisor,” said Todd Young, president and CEO of ProspX. “Steve brings deep industry knowledge and expertise and will be an invaluable resource to the ProspX team and our broker and carrier customer base.”

ProspX’s social business platform is a powerful yet simple-to-use solution for establishing and strengthening client relationships, reinforcing expertise and demonstrating brand value. ProspX InsiderConnect delivers custom insurance industry, line-of-business and carrier specific business intelligence to brokers based on their specific areas of expertise. They can then easily share this relevant content within and across their business network in order to build and strengthen their professional brand image. Additionally, carriers are able to target their message and content to a specific broker at the point of opportunity, leading to increased visibility, improved collaboration and more quality submissions.

For more information about ProspX, please visit www.prospx.com.

About ProspX

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.

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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.

Media Contact:

Jill Ford
jill.ford@prospx.com
(512) 419-9970