30 January 2018Insurance

Paragon attracts Epic-Oak Hill investment

Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), said Jan. 29 that Edgewood Partners Insurance Center (EPIC) and Oak Hill Capital Partners have acquired an equity stake in the company.

The investment from EPIC and Oak Hill will further propel Paragon’s organic and M&A growth strategies and create greater opportunity for Paragon's agency, carrier and reinsurance trading partners, according to the statement.

"Winning in this environment is a function of talent, capability, vision and commitment," said Ron Ganiats, CEO of Paragon. "We are delighted to have strong new partners like EPIC and Oak Hill, who will help us to further build on this foundation of beliefs and values, for the benefit of all Paragon trading partners and our own team members."

Avon, Connecticut-based Paragon was formed in 2014 by Ron Ganiats and Ron Mairano. It has 15 programmes, controlled premiums of more than $125 million.

Oak Hill had already acquired a controlling stake in EPIC Insurance Brokers in July 2017.

Join us at Intelligent Automation in Insurance - London 2018.  Book by Jan 31st and you could save £400.

More of today's news

Cat bond issuance reaches new record 

RGA reports $1bn gain from US tax reform

Aetna strikes $200m ILS deal

Regulation main 2018 challenge for UK insurers

Ed bolsters cyber offering with new hire

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
23 January 2018   Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), has appointed Andrew Petersen as regional president and executive vice president (EVP) of reinsurance operations.
Insurance
28 July 2017   Private equity firm Oak Hill Capital Partners has acquired a "controlling equity position" in EPIC, a US retail property/casualty insurance brokerage and employee benefits consulting firm, from The Carlyle Group.