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

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

 Commercial Insurance Veteran to Bring Deep Industry Expertise to ProspX Team

Business Wire

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
pros, 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 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.

Contact:

ProspX, Inc.
Jill Ford, 512-657-8915
jill.ford@prospx.com
 
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