Business, Free News Articles, Insurance

Paragon Insurance Holdings Acquires Trident Public Risk Solutions from Argo Group

NEW YORK, N.Y. -- Paragon Insurance Holdings, LLC, headquartered in Avon, Connecticut, a national MGA, announced today that it has closed on the purchase of Trident Public Risk Solutions (TPRS). Acquired from Argo Group (Argo), the transaction positions Paragon as one of the largest providers of commercial insurance coverage for public entities in the U.S. As part of the transaction agreement, Trident's business will continue to benefit from Argo policy and claims services.

"I am excited to work with the Paragon team, growing this great business and delivering tremendous value to our public entity customers," said Timothy Carter, Executive Vice President.

"We are excited to have Trident as part of our portfolio of companies and to be growing our business with Argo Group. Their collective expertise in public entity insurance and risk management will create a great partnership as we continue to grow together," said Ron Ganiats, CEO and co-founder of Paragon.

The business will continue to report to Sue Coates, President of TPRS - Guaranteed Cost Division and John Atherton, President of TPRS - Retained Limits.

ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.

Argo Group International Holdings, Ltd. (NYSE: ARGO), is an underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo Group's insurance subsidiaries are A.M. Best-rated "A-" (Excellent), and Argo Group's U.S. insurance subsidiaries are Standard and Poor's-rated "A-" (Strong). More information on Argo Group and its subsidiaries is available at https://www.argolimited.com/.

ABOUT PARAGON

Paragon Insurance Holdings, LLC, is headquartered in Avon, Connecticut, and operates as a national MGA. Formed in 2014, the company writes all commercial lines of insurance across more than twenty insurance programs. Paragon's industry-specific and general underwriting facilities offer insureds, retail agents, carriers, reinsurers and service providers unique product, service, capability, and results. Please visit https://www.paragoninsgroup.com/ for additional information.

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Tickers: NYSE:ARGO / NY: ARGO

Related link: https://www.paragoninsgroup.com/

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Business, Free News Articles, Insurance

Paragon Insurance Holdings, LLC Acquires Argo Landscapers Program

AVON, Conn. -- Paragon Insurance Holdings, LLC, a national multi-line specialty program manager, today announced it has contracted with Argo Group International Holdings, Ltd. to assume MGA responsibilities for Argo's Landscape Contracting program, effective January 1, 2019.

"The Landscapers program aligns well with our other growth businesses," said Ron Ganiats, CEO of Paragon Insurance. "We look forward to expanding the program through additional resources and investment."

Steve Hartman ran the program at Argo and with the sale, he has joined Paragon. Hartman is located in Fresno, California. The business will be managed as part of Paragon's western states operations reporting into San Diego. The addition of the program and Hartman are part of a larger strategy that will see Paragon launch new programs and underwriting facilities from the company's expanding San Diego operations.

The sale of the program enables Argo to simplify operations and focus efforts on other strategic growth opportunities within its U.S. business.

Any inquiries can be directed to Andrew Petersen at Paragon Insurance Holdings in San Diego: Email apetersen@paragoninsgroup.com or Cell 415-317-4978

About Paragon:

A broadly diversified MGA and Specialty Program Manager, Paragon provides unique opportunities and solutions to retail agents, insurance carriers, reinsurers and vendor partners. Please visit https://www.paragoninsgroup.com/ for additional information.

About Argo Group International Holdings, Ltd.:

Argo Group International Holdings, Ltd. (NYSE: ARGO) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo Group's insurance subsidiaries are A.M. Best-rated 'A' (Excellent) (third highest rating out of 16 rating classifications) with a stable outlook, and Argo Group's U.S. insurance subsidiaries are Standard and Poor's-rated 'A-' (Strong) with a positive outlook. More information on Argo Group and its subsidiaries is available at https://www.argolimited.com/.

REF: ( NYSE:ARGO )

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